SOLD

Von Karman Tech Center

16842 Von Karman Ave, Irvine, CA 92606

Property Overview

Von Karman Tech Center is a 101,161-square-foot multi-tenant office building featuring creative workspace that is attractive to today’s tech tenants. The two-story building was developed in 1980 and fully renovated in 2013-2014.

Its recent $2 million renovation included new landscaping, hardscape, outside meeting areas with umbrellas, awnings, and WiFi throughout the property. The building was 100% leased at acquisition (50% of the space is leased through 2023 and beyond).

Von Karman Tech Center sits on 4.61 acres in a prime “live, work, play” environment in Irvine, CA. The property is adjacent to The District at Tustin Legacy, which boasts some of the city’s most popular dining establishments, boutiques and specialty shops. Situated along the prominent thoroughfare of Von Karman Avenue, the building provides tenants with high corporate visibility and ease of access to numerous retail and service amenities.

Investment at a Glance

Location: Irvine, CA

Property Type: Class B Office

Acquisition Date: August 12, 2015

Purchase Price: $21,500,000

No. of Buildings: 1

No. of Stories: 2

Square Footage: 4.61 Acres

Year Built: 1980/2013-2014

$21,500,000 Total Purchase Price
101,161 square feet Total Rentable Area
Class B Building Class