Listed by Economos Dewolf
$3,390,000
59 Peters Canyon
Details
Property Type Office, Industrial
Sub Type Traditional Office, Flex
Square Footage 5,662
Tenancy Vacant
Price per SqFt $599
Year Built 2005
Buildings 1
Stories 2
Parking Spaces 15 spaces
Parking per 1,000 SqFt 2.65
Investment Type Owner/User
Ceiling Height 26'
Ownership Private
59 Peters Canyon, Irvine, CA 92606
Marketing description
Two-story flex/office building built in 2005 with warehouse,
reception area, multiple private offices with windows,
conference room, open area with cubicles, restrooms, and
a kitchenette/employee lounge. The structure is fully
sprinklered and has a temperature-controlled warehouse.
Investment highlights
- A very unique opportunity: an attractive building in a great location at an affordable price (under $3.4 million).
- Owner-user opportunity: the owner currently occupies the entire building and will vacate upon close of escrow which will satisfy an SBA loan (just 10% down).
- The layout of the building is a very functional mix of private offices, a conference room, a lobby, a kitchen, and multiple restrooms (4,726 SF), and a warehouse (936 SF).
- The warehouse is fully air conditioned and highly functional for temperature-controlled storage. A user could elect to utilize this area for additional cubicles, a “war room”, or add storage racks to take advantage of the 26’ clearance.
- Alternatively, the warehouse could be used for private/secure car storage, wine cellar, cigar lounge, or perhaps a high-end/vintage bicycle storage/restoration to take advantage of the nearby Peters Canyon bike trail.
- This dynamic location is within close-proximity to the 5 freeway and Jamboree Rd. The building is also located just minutes from The Market Place Shopping Center, The District, John Wayne Airport, and numerous restaurants, shopping, and other amenities.
- Lock in your cost of occupancy with a 25-year fully-amortized 90% SBA loan, protecting against runaway lease rates. Build equity for yourself instead of a landlord.
Listing Contacts
Listed by Economos Dewolf
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