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9012RESEARCH DRIVE
IRVINE SPECTRUM
NET LEASED INVESTMENT OPPORTUNITY | SINGLE-TENANT BUILDING
Exclusively Off ered by:
Chris Deason, SIOR, Senior Vice President949.263.5347 | Lic. #01031828
Stefan Rogers, MRICS, Senior Vice President949.263.5362 | Lic. #01376946
PROJECT HIGHLIGHTS• 100% Leased Single-Tenant Investment Opportunity
• Freestanding Building with High Visibility ResearchDrive Frontage
• Excellent Proximity to the Irvine SpectrumEntertainment Center
• Adjacent to the New Los Olivos Marketplace,Residential and Corporate Communities
• Minutes to John Wayne Airport
• Below Replacement Construction Cost
INVESTMENT HIGHLIGHTS• Purchase Price: $16,500,000 ($411 PSF)
• Net Operating Income: $894,758
• Cap Rate: 5.42% Year One
• 10 Year Net Leased Investment
• Below Market Rent with 3% Annual Increases
PROPERTY SUMMARY
9012 RESEARCH DRIVE | OFFERING MEMORANDUM | Page 2
SUBMARKET AND LOCATION9012 Research Drive is located at the corner of Research Drive and Bake Parkway, easily accessible from the 5 and 405 freeways, and the 133 tollway in the Irvine Spectrum triangle. Corporate neighbors include KPMG, Verizon, CoreLogic, Toyota, Toshiba, HP, Vizio, Blizzard Entertainment, and numerous other Fortune 100 companies.
Also adjacent to the best new shopping and living areas in Irvine, Los Olivos Marketplace and Los Olivos Communities. Irvine Spectrum continues to be the best submarket for attracting top talent and next-gen innovative workplaces. Its walkable/bikable lifestyle provides an ideal location for live/work/play.
PROJECT FEATURESADDRESS: 9012 Research Drive, Irvine
SQUARE FEET: 40,135 SF
LAND: 105,415 SF (2.42 Acres)
LEASED: 100% Leased, Long Term Tenant
APN: 588-191-22
STORIES: 2
PARKING: 4.5:1,000 SF
CONSTRUCTION: Concrete and Steel with High Performance Glass
BUILDING TYPE: Class A Corporate Headquarters
YEAR BUILT 2001
9012 RESEARCH DRIVE | OFFERING MEMORANDUM | Page 3
PROPERTY SUMMARY
PROPERTY AERIAL
9012 RESEARCH DRIVE | OFFERING MEMORANDUM | Page 4
IRVINE SPECTRUM CENTERDining ExperiencesBrio Tuscan GrilleCalifornia Pizza KitchenCapital Dim Sum SeafoodCucina EnotecaJavier's Cantina & GrillPF ChangsCasey's CupcakesHello Kitty Cafe Pop-upPho Saigon PearlUrban Seoul 2.0Kona Grill
Lifestyle Experiences24 Hour FitnessAveda Belle Isle Salon & SpaBrilliance New YorkDave & BustersEdwards Irvine Spectrum IMAXImprov Comedy ClubMy Blow LAThe Ride 7DFlip Flop ShopsNordstromApple Store
LOS OLIVOS MARKETPLACEDining ExperiencesFukada RestaurantAngelina's Pizzeria NapoletanaPuestoPhan55 Vietnamese BistroStarbucksSugar Rush Sweet ShoppeBurger LoungeCUPS Frozen Yogurt
Lifestyle ExperiencesWhole FoodsChase BankWells Fargo Bank24 Hour FitnessRadiant Hot YogaRevival SpaSpectrum MontessoriNewport Colony Homes
CORPORATE NEIGHBORSHoag Urgent CareKaiser Permanente HospitalKPMGCoreLogicHyundai America Technical CntrToyotaAston Martin North AmericaMission MotorsportsCanon
VizioUnisysA T & TVerizonBlizzard EntertainmentHewlett PackardTillysMasimoTaco Bell
9012 RESEARCH DRIVE | OFFERING MEMORANDUM | Page 5
IRVINE SPECTRUMAMENITIES
Licensed as Real Estate Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2018 Voit Real Estate Services, Inc. All Rights Reserved.
Chris Deason, SIORSenior Vice President | Lic. #01031828 949.263.5347 | [email protected]
Stefan Rogers, MRICSSenior Vice President | Lic. #01376946 949.263.5362 | [email protected]
2020 Main Street, Suite 100, Irvine, CA 92614 | T 949.851.5100 | F 949.261.9092 | BRE Lic. #01991785
9012RESEARCH DRIVE
IRVINE SPECTRUM