IRVINE INDUSTRIAL DEALS NOW

$8,250,000

Description

INDUSTRIAL PROPERTY SHOWCASE 75% LEASED OFFICE BUILDING 1031-EXCHANGE POSSIBLE

950 Roosevelt Ave Irvine, CA 92620 9,920 SF — $831.65/SF 5% Cap Rate — $8,250,000

Roosevelt Avenue

Irvine, CA

The Crown Jewel of Jeffrey Office Park

When Irvine talks about prestige, Jeffrey Office Park is the name on everyone’s lips—and 18950 Roosevelt Avenue is its showpiece. This free-standing, two-story office building combines irreplaceable location, multi-use zoning, and flexible tenancy into what can only be described as “an all-weather performer”—a property that thrives in any market cycle.

With visibility along Jeffrey Road and immediate access to the I-5 Freeway, the property stands as a brand beacon for tenants ranging from educational institutions and medical users to creative studios and professional offices. Irvine has long been known as “the Orange County office capital”, and this asset embodies why: strong demand, zero downtime between tenants, and value resilience.

Investment Highlights

Price: $8,250,000 ($831.65/SF)
Cap Rate: 5%
NOI: $412,500
Occupancy: 75% leased, with multiple applications in-hand for remaining space
Location: Premier position in Jeffrey Office Park, Irvine’s #1 office park destination
Zoning: Ultra-flexible multi-use zoning—ideal for educational, medical, creative, religious, or corporate tenants
Recent Upgrades: Renovated in 2021 with wood flooring, modern lobby, AI-powered main entrance, and contemporary finishes
Tenant Magnet: Easy-to-rent asset with consistent demand year-round

Executive Summary

Built in 2007 and extensively renovated in 2021, 18950 Roosevelt Avenue offers 9,920 SF across two floors with 14-foot slab-to-slab height. The building’s design includes a spacious lobby, modern restrooms, and open square in front—plus an adjacent parking area beyond the 50 on-site stalls.

The property’s multi-use zoning is a game-changer, allowing a wide variety of uses uncommon in traditional office assets: education, medical, religious centers, performing arts, exhibitions, distribution, or classic office tenancy. With 75% of the property leased and the ground-floor space newly available, investors inherit both stability and upside.

This is a “double-play asset”:

For an owner-user, the 2,480 SF available now provides immediate space with income upstairs.
For a pure investor, the lease pipeline ensures full occupancy potential with no downtime.

Property Facts

Property Type: Office (Medical/Professional)
Building Size: 9,920 SF
Year Built / Renovated: 2007 / 2021
Typical Floor Size: 4,960 SF
Slab to Slab: 14’
Lot Size: 0.11 AC
FAR: 2.00
Zoning: Office – 4.2 Community Commercial (multi-use)
Parking: 50 Spaces (5.04/1,000 SF)

Why Roosevelt Avenue?

Renovated Asset = Modern Image & Functionality
Jeffrey Office Park = Zero Vacancy Reputation
Multi-use Zoning = Tenant Variety & Demand Stability
Prestige Irvine Address = Enduring Value