Von Karman Tech Center
16842 Von Karman Ave, Irvine, CA 92606
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