Two-Story Flex Office Building Sells For $11.8M In Irvine, CA
J.R. Williamson and Stivers Investment Co. have completed the sale of a two-story flex office building in Irvine, California for $11.8 Million.
The 41,563 square foot building located at 8 Hughes was built in 2000 in the Irvine Spectrum. Situated on 2.3 acres with four spaces parking per 1,000 square feet, the capacity can be divided into a multi-tenant building. At the time of the sale, the building was 30 percent occupied at the time of the sale.
J.R Williamson and the Orange County Office Investment Services Group of NAI Capital Commercial represented the seller in this transaction. The building’s new owner plans to utilize the vacant portion of the building, collect income from the existing lease, and maintain the building long-term.
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