2400 Barranca Pkwy, Irvine, CA

Property Type Office - General Office
Property Size 69,870 SF
Lot Size 4.9 Acre
Parking Spaces Avail. 278
Parking Ratio 3.99/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1974

Location

Map
Street

City Irvine, CA
Neighborhood Irvine Business Complex
Zip Code 92606
Market Orange County

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 31 Aug, 2017
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Irvine

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Irvine Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $34.49
2020 Office Vacancy Rate 10.61%
2020 Office Completions (SF) 69,968

Irvine Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $469.94
2020 Office Sales Volume $471.2M
2020 Number of Transactions 6

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Tax

Property Tax in 2021-2022 $381,190
Market Value* $35,668,588
Assessed Value $35,668,588

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 2400 Barranca Pkwy?

2400 Barranca Pkwy totals 69,870 square feet.

When was this property built?

2400 Barranca Pkwy was built in 1974.

When was 2400 Barranca Pkwy last sold?

2400 Barranca Pkwy was last sold on 31 Aug, 2017.

What is the property tax for 2400 Barranca Pkwy?

The property tax for 2400 Barranca Pkwy in 2021-2022 was $381,190.

What is the market value for 2400 Barranca Pkwy?

The market value* for 2400 Barranca Pkwy in 2021-2022 was $35,668,588.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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2400 Barranca Pkwy