The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Irvine Industrial Property Sells for $240/sf

3/31/16

An 11.5k sf, industrial property within the Irvine Spectrum in Irvine recently sold for $2.81 mil, or $244/sf. Located at 3 Wrigley, in the heart of the Irvine Spectrum, the property is one of the smallest free-standing industrial properties in the sub-market, justifying the high price per square foot.

The property’s interior and exterior were recently completely refurbished and includes a high ceiling reception area. It is well-located near the 5 and 405 freeways in the heart of the Irvine Spectrum.

David L. Kluver with NGKF represented the seller, Hunter Julian Properties, which occupied the property prior to the sale. The buyer was Saint Marina Coptic Church, who will occupy the entire building for its administrative operations. Saint Marina has space in an adjacent building it will continue to occupy as well.

“Industrial pricing within the Irvine Spectrum is at historical highs,” said Kluver. “As the product sector continues to be replaced with retail and office uses, smaller buildings like this one will be increasingly difficult to acquire.”





Return to the Archive page


 


 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media