IRVINE INDUSTRIAL DEALS NOW

$2,616,960

Description

INDUSTRIAL PROPERTY SHOWCASE

96 Discovery Irvine, CA 92618 — 4,089 SF Office Building — ($640/SF) $2,616,960

96 Discovery

Irvine, CA

A Turnkey Office Gem in the Heart of Irvine’s Innovation Corridor

In the heart of Irvine’s vibrant business ecosystem, 96 Discovery stands as a boutique opportunity—a “plug-and-play headquarters” designed for firms that want instant credibility and efficiency in one of Southern California’s premier office and industrial clusters. Irvine is widely recognized as “the Silicon Valley of Orange County”—a powerhouse destination for medical, science, tech, and corporate innovation. This single-story property combines signage visibility, flexible zoning, and an efficient interior layout to deliver a rare chance for an owner-user or investor to anchor in one of the most dynamic markets in the country.

Investment Highlights

Sale Price: $2,616,960 ($640 PSF)
Lease Price: $2.60 MG
Size: ±4,089 SF
Zoning: 5.5A Medical and Science – flexible for medical, science, and professional office uses
Parking: 4:1,000 SF ratio, including 4 reserved stalls
Signage: Building-top visibility on Barranca Parkway and entry monument signage
Layout: Reception, 12 private offices, conference room, kitchen, storage, and private restrooms
Association Dues: $1,413.30 / month
Property Tax Rate: 1.0315%
Accessibility: Immediate access to the I-5 and I-405 freeways; minutes from retail, dining, and services

Executive Summary

Built in 2004, 96 Discovery offers a Class B, single-tenant office building situated within Irvine’s professional and medical hub. The property features modern interiors, efficient floor plan, strong parking, and flexible zoning—all within the master-planned environment that has made Irvine synonymous with stability, growth, and prestige. The asset is equally suited for an owner-user seeking a headquarters presence or an investor targeting strong Irvine office demand at a competitive size and price point.

Industrial / Flex Facts

Property Type: Office
Building Size: 4,089 SF
Year Built: 2004
Building Height: 1 story
Typical Floor Size: 4,089 SF
FAR: 0.94
Lot Size: 0.10 AC
Parking: 16 spaces (3.91/1,000 SF)
Zoning: 5.5A – Medical & Science

Industrial Market News

Irvine sits at the epicenter of Orange County’s industrial-office hybrid economy, where advanced manufacturing, medical research, tech firms, and logistics operators converge. The market is defined by scarcity of space, premium rental rates, and institutional capital inflows. While Irvine has a reputation for office and flex product, its industrial market is tightly interwoven—particularly in the Irvine Spectrum and Irvine Business Complex (IBC) areas.

Industrial Vacancy: Currently hovering around 2.1%, one of the lowest in Southern California.
Average Asking Rent: Approximately $1.55 NNN PSF/month, up nearly 6% year-over-year.
Investor Appetite: High institutional demand, with recent cap rates trading in the low-to-mid 4% range for Class A product.

Purchases & Leases

Amazon & Prologis: Amazon continues to be a dominant occupier in Orange County industrial, with Prologis leading acquisitions of infill distribution assets.
Western Digital & Edwards Lifesciences: Expanding R&D and specialized industrial footprints in the Irvine area.
Rexford Industrial: One of the most active institutional buyers, recently acquiring multiple assets across Orange County for over $100M+ in aggregate.
Ingram Micro (HQ in Irvine) continues to hold large office/industrial hybrid space, influencing demand across the submarket.

Development & Construction

Irvine is experiencing selective ground-up development, often build-to-suit, as available land is scarce.
Recent projects in the Irvine Spectrum showcase “next-gen flex industrial”—high-clear hybrid buildings designed for both biotech and light distribution.

Outlook

Irvine’s industrial-flex ecosystem will remain supply constrained and rent-growth positive. Institutional capital is targeting assets like 96 Discovery, which offer stable tenancy potential in a premier market. With proximity to freeway arteries, a deep labor pool, and corporate tenants already embedded, Irvine continues to rank as one of the most desirable submarkets in the Western U.S.