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June 14, 2024
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SOUTHERN CALIFORNIA NEWS
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Investor Pays $539/sf for Irvine Office Property

2/05/24

A 20.8k sf office building in Irvine sold for $11.2 mil, or $539/sf. From what we understand, this is the highest price per square foot for Irvine office space over 20k sf since 2019.

Located at 2485 McCabe Way, the two-story office building has direct frontage on the 405 Fwy and is conveniently situated within the Orange County Airport Area, only minutes from John Wayne Airport. The property features luxurious upgrades throughout, including a state-of-the-art gym, spa-like restrooms with lockers and showers, spacious kitchens, and high-end finishes throughout.

Allen Basso, Eric Darnell and Kylee King of Lee & Associates Irvine represented the seller, Bassman-Blaine Holdings LLC. Kacey Taormina and Aspen Labrador of Compass repped the buyer, DTMM Properties LLC, who intends to occupy the building for their business.





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