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October 16, 2021
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Alere Property Group Buys 35k sf Irvine Warehouse Property


Alere Property Group has acquired a 35.5k sf, Class A industrial warehouse within the Irvine Spectrum submarket of Irvine. The price was not disclosed.

The divisible building, located at 8710-8750 Research Dr, features 26-foot clear height, two dock-high loading positions and three ground-level doors, in addition to 12k sf of office space. The property is well-suited for a single or two-tenant occupancy with visible office frontage and ample loading on both sides of the building.

The building was constructed in 2005 and is currently occupied by a manufacturer of technological equipment for industrial machinery. The tenant is expected to continue operations as is.

Located at the convergence of the I-5 and I-405 freeways, the two largest arterial highways passing through Orange County, 8710-8750 Research Drive offers direct access to Southern California’s vast transportation network. The property is approximately one-half mile from the I-405 Fwy on/off ramp at Irvine Center Dr and one-half mile from the I-5 on/off ramp via Bake Pkwy.

The property is near numerous high-end home developments, including the notable Great Park Neighborhoods and Irvine Ranch, an ideal location for last mile distribution. The location is also proximate to Orange County’s John Wayne Airport, multiple shopping centers and amenities such as Irvine Spectrum Center, South Coast Plaza and Fashion Island.

Todd Martens and Trent Walker of Voit Real Estate Services represented the seller and Alere in this transaction.

8710-8750 Research Drive is Alere’s third Orange County acquisition in 2021. The firm recently acquired 1062 McGaw Avenue, a 5.2-acre industrial property fronting the 55 Fwy that was formerly owned and occupied by Ricoh USA. Alere is redeveloping the site into a new state-of-the-art 120k sf industrial facility. Alere also acquired 14422 Astronautics Drive, a 47k sf, Class A warehouse in Huntington Beach.

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