UCI Research Park - 151 Innovation Drive - 151 Innovation Drive, Irvine, CA

Property Type Office - General Office
Property Size 58,640 SF
Lot Size 14.48 Acre
Parking Spaces Avail. 215
Parking Ratio 3.68/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 2000

City Irvine, CA
Neighborhood Uc Irvine
Zip Code 92617
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 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 $772,368
Market Value* $74,707,674
Assessed Value $74,707,674

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*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 UCI Research Park - 151 Innovation Drive?

UCI Research Park - 151 Innovation Drive totals 58,640 square feet.

When was this property built?

UCI Research Park - 151 Innovation Drive was built in 2000.

What is the property tax for UCI Research Park - 151 Innovation Drive?

The property tax for UCI Research Park - 151 Innovation Drive in 2021-2022 was $772,368.

What is the market value for UCI Research Park - 151 Innovation Drive?

The market value* for UCI Research Park - 151 Innovation Drive in 2021-2022 was $74,707,674.
*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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