• Banting Corporate Center
  • Banting Corporate Center
  • +2 images Banting Corporate Center
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Banting Corporate Center

Off-Market

1 Banting, Irvine, CA 92618

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 136,610 SF
  • Lot Size 10 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1990

Location

  • City Irvine, CA
  • Neighborhood Irvine Spectrum
  • Zip Code 92618
  • 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 26 Mar, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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
View more Irvine market trends

Tax

  • Property Tax in 2021-2022 $313,427
  • Market Value* $30,804,225
  • Assessed Value $30,804,225

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 Banting Corporate Center?

Banting Corporate Center totals 136,610 square feet.

When was this property built?

Banting Corporate Center was built in 1990.

When was Banting Corporate Center last sold?

Banting Corporate Center was last sold on 26 Mar, 2021.

What is the property tax for Banting Corporate Center?

The property tax for Banting Corporate Center in 2021-2022 was $313,427.

What is the market value for Banting Corporate Center?

The market value* for Banting Corporate Center in 2021-2022 was $30,804,225.
*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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