Cushman & WakefieldCushman & Wakefield is marketing 2525 Main Street, a 3.73 acre mixed-use site in Irvine, California with 104,364 square feet of offices, 38,905 square feet of data center provision and a new six-story car parking facility.
The existing multi-tenant office structure was built in 1982 and renovated in 2019 and is currently nearly 97% leased to nine tenants. The offering also includes rare multifamily entitlements for portions of the site. Additionally, the Orange County site has entitlements approved by the City of Irvine for two (2) seven-story residential towers, potentially providing the market with 150-units of rare luxury-quality living at a time when Irvine-IBC residential development is capped.
Cushman & Wakefield Executive Vice Chair Jeffrey Cole, and colleagues Nico Napolitano, Kristen Bogler, Kevin Nolen and Jason Kimmel from the firm’s Southern California offices, are leading the sales and marketing of the property.
“This is a very special mixed-use development offering that includes an existing meticulously designed, recently upgraded office (and data center) space with new exterior common areas. The stabilized occupancy, limited tenants, and extensive capital invested provides the investment opportunity a rare passive, high-performing, cash-flowing component,” says Cole. “This project, by transforming a commercial property into a residential enclave, stands to provide an exceptional residential location in the County’s Airport submarket while significantly and positively impacting the urban landscape of Irvine.”
2525 Main St is strategically and conveniently located in the heart of the Irvine Airport Area, the main corridor adjacent to the 405 Freeway and John Wayne Airport, offering quick access and an abundance of amenities for employees and residents, alike.
Contact https://www.cushmanwakefield.com/en/united-states/people/jeffrey-cole.
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