MarketSurvey Irvine

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Market Survey
Great Irvine Area | Class A Lease
January 3, 2023
Availability Summary
18565-18575 Jamboree Rd.

1 Irvine, CA
8 17875 Von Karman Ave.
Irvine, CA
2 19800 MacArthur Blvd.

Irvine, CA 9 17872 Gillette Ave.
Irvine, CA
3161 Michelson Dr.

3 Irvine, CA 17877 Von Karman Ave.
10
Irvine, CA
4 400 Spectrum Center Dr.

11 2211 Michelson Dr.
Irvine, CA Irvine, CA
5 17901 Von Karman Ave. 12 3121 Michelson Dr.

6 1920 Main Street 13 505 Technology Dr

1 Park Plaza 18101 Von Karman Ave.

7 Irvine, CA
14
Irvine, CA
Availability Comparison (Continued on next page)
Purchase Options
Site 1 2 3 4 5 6 7
18565-18575 Jamboree Rd. 19800 MacArthur Blvd. 3161 Michelson Dr. 400 Spectrum Center Dr. 17901 Von Karman Ave. 1920 Main Street 1 Park Plaza
Address
Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA
Suites 270 (Sublease), Suite 220 (Direct) &

Space(s) Suites 120 (Sublease) Suite 1025 (Direct) Suites 680 & 1030 Suites 830 & 880 Suites 190 & 430
925, 975 & 1070 (Direct) 1680 (Sublease)
Suite 270 - 3,137 SF | Suite 925 - 3,463 SF Suite 220 – 3,414 Sf Suite 680 – 2,892 SF Suite 830 – 2,319 SF Suite 190 - 2,519 SF
Size (SF) Suite 120 – 3,714 SF 4,935 SF
Suite 975 - 3,263 SF | Suite 1070 - 3,494 SF Suite 1680 – 3,466 SF Suite 1030 – 3,627 SF Suite 880 – 3,808 SF Suite 430 – 2,970 SF
Asking Rent Suite 270 - $1.85 $4.25 Direct

$3.75 $4.15 $3.35 $3.15 $2.85
(Monthly PSF) Suites 925, 975 & 1070 - $3.00 $3.95 Sublease
Full-Service Gross Full-Service Gross Full-Service Gross Full-Service Gross Full-Service Gross
Full-Service Gross Full-Service Gross
Lease Type (landlord pays all or most (landlord pays all or most (landlord pays all or most (landlord pays all or most (landlord pays all or most
(landlord pays all or most expenses) (landlord pays all or most expenses)
expenses) expenses) expenses) expenses) expenses)
Building SF 550,645 SF 368,243 SF 536,307 SF 466,696 SF 272,887 SF 295,000 SF 213,488 SF
Stories 9 14 19 21 12 12 12
Floor Size 65,000 SF 22,975 SF 28,226 SF 22,000 SF 22,741 SF 24,583 SF 17,790 SF
Manulife US Real Estate Manulife Financial

Landlord Trammell Crow Company Irvine Company Irvine Company Emmes Group Of Companies Irvine Company
Investment Trust Corporation
Year Built 2017 1987 2007 2017 1985 1987 1985
Parking Ratio: 4.00/1,000 SF Ratio: 4.00/1,000 SF

Ratio: 5.00/1,000 SF $85 Unreserved Ratio: 4.00/1,000 SF $75 Unreserved Ratio: 4.00/1,000 SF
Ratio and Fees Suite 270 - 12 parking stalls at $55 $50 Unreserved
$60 $200 Reserved Suite 220 – $50 $150 Reserved $40
(Monthly per Stall) Suites 925, 975 & 1070 - $40 $150 Reserved
Suite 270 - Vacant

Vacant Vacant
Occupancy Vacant Suite 925 & 975 - Mar 2023 Vacant Vacant 30 Days
Suite 1070 - Feb 2023
Suite 220 – Negotiable

Suite 270 - Sublease thru Jan 2025
Sublease thru Aug 2031 *Must take Suite 1680 – Sublease thru
Term Suites 925, 975 & 1070 - Negotiable Negotiable Negotiable Negotiable
full term Aug 2024
Negotiable
Suite 270 - Furniture Included Spent $100/SF on Suite 220 – Furniture Some work stations & furniture
Both Suites - Furniture
Furniture Negotiable Suites 925, 975 & 1070 - Flex furniture renovating, so the landlord Suite 1680 – All furniture TBD available, but nothing for
available
option will not pay to furnish suite. available conference room / private office.
Both Spec Suites

Suite 270 - Tenant: Foresight Mental Health Spec Suite Both brand new spec suites
Tenant: The Foundation for (space is typically near move-in
Notes Suites 925, 975 & 1070 – Spec Suites (space is typically near (space is typically near move-
Affordable Housing ready)
(space is typically near move-in ready) move-in ready) in ready)
Availability Comparison
Site 8 9 10 11 12 13 14
17875 Von Karman Ave. 17872 Gillette Ave. 17877 Von Karman Ave. 2211 Michelson Dr. 3121 Michelson Dr. 505 Technology Dr 18101 Von Karman Ave.
Address
Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA Irvine, CA
Space(s) Suite 220 Suite 100 Suite 260 Suites 330 & 670 Suites 105, 525 & 550 Suite 230 Suite 1200
Suite 105 - 3,069 SF

Suite 330 – 2,942 SF
Size (SF) 3,763 SF 3,797 SF 3,021 SF Suite 525 - 3,084 SF 3,214 SF 3,190 SF
Suite 670 - 3,517 SF
Suite 550 – 4,171 SF
Asking Rent Suite 330 – $3.30

$3.00 $3.00 $3.00 $3.65 $3.00 $3.30
(Monthly PSF) Suite 670 - $3.15
Triple Net / NNN Triple Net / NNN Triple Net / NNN

Triple Net / NNN
(tenant pays their pro-rata (tenant pays their pro-rata (tenant pays their pro-rata Full-Service Gross
(tenant pays their pro-rata share Full-Service Gross
share of expenses share of expenses Full-Service Gross share of expenses (landlord pays all or most
Lease Type of expenses (maintenance, taxes, (landlord pays all or most
(maintenance, taxes, and (maintenance, taxes, and (landlord pays all or most expenses) (maintenance, taxes, and expenses)
and insurance) in addition to base expenses)
insurance) in addition to base insurance) in addition to base insurance) in addition to base
rent OPEX: $1.50
rent OPEX: $1.50 rent OPEX: $1.50 rent OPEX: $0.85
Building SF 145,597 SF 83,317 SF 166,442 SF 266,605 SF 150,000 SF 79,200 SF

396,862 SF
Stories 4 4 5 12 6 3 19
Floor Size 38,590 SF 23,487 SF 34,000 SF 22,217 SF 25,000 SF 24,000 SF 22,887 SF
MetLife Investment MetLife Investment

Landlord MetLife Investment Management Greenlaw Partners LBA Realty Irvine Company SENTRE Partners
Management Management
Year Built /
1989 / Renov 2016 1990 1990 2007 2004 2019 1991
Renovated
Ratio: 3.38/1,000 SF Ratio: 4.00/1,000 SF
Parking Ratio: 4.00/1,000 SF Ratio: 5.00/1,000 SF Ratio: 4.00/1,000 SF Ratio: 0.92/1,000 SF
$60 Unreserved $65 Unreserved Free and clear
Ratio and Fees $80/stall/month $80/stall/month $80/stall/month $65/stall/month
$150 Reserved $150 Reserved
Suite 330 - 30 Days

Occupancy 30 Days Feb 2023 Vacant Vacant Vacant Vacant
Suite 670 - Vacant
Term Negotiable Negotiable Negotiable Negotiable Negotiable Negotiable Negotiable
Could acquire workstations

and private office furniture for Not furnished. We'd have to
Could negotiate furniture allowance,
Furniture tenant use. The cost of the No furniture No furniture Furniture to be negotiated Furniture already in space negotiate getting furniture in
but no furniture onsite for the suite.
Furniture would add another this suite.
$.25-$.30/sf per month
All Suites – Brand New Spec Spec Suites (space is typically

Notes Suites (space is typically near near move-in ready)
move-in ready)
18565-18575 Jamboree Road | The Boardwalk
1 Back to Comparison
Irvine | Irvine/Tustin Legacy Submarket
Space(s) Suites 120 (Sublease)
Size (SF) Suite 120 – 3,714 SF
Asking Rent
$3.75
(Monthly PSF)
Full-Service Gross
Lease Type (landlord pays all or most
expenses)
Building SF 550,645 SF
Stories 9
Floor Size 65,000 SF
Landlord Trammell Crow Company

Year Built /
2017
Renovated
Parking
Ratio: 5.00/1,000 SF
Ratio and Fees
$60
(Monthly per Stall)
Vacant
Occupancy
Sublease thru Aug 2031 *Must

Term take full term
Negotiable
Furniture
Tenant: The Foundation for

Notes Affordable Housing
18565-18575 Jamboree Road | The Boardwalk
Suite 120
19800 MacArthur Blvd.| Tower I
Suites 270 (Sublease),

Space(s)
925, 975 & 1070 (Direct)
Suite 270 - 3,137 SF | Suite 925 -

3,463 SF
Size (SF)
Suite 975 - 3,263 SF | Suite 1070 -
3,494 SF
Asking Rent Suite 270 - $1.85

(Monthly PSF) Suites 925, 975 & 1070 - $3.00
Full-Service Gross
Lease Type
(landlord pays all or most expenses)
Stories 14
Landlord Irvine Company
Year Built / Renovated 1987
Parking Ratio: 4.00/1,000 SF

Ratio and Fees Suite 270 - 12 parking stalls at $55
(Monthly per Stall) Suites 925, 975 & 1070 - $40
Suite 270 - Vacant

Occupancy Suite 925 & 975 - Mar 2023
Suite 1070 - Feb 2023
Suite 270 - Sublease thru Jan 2025

Term Suites 925, 975 & 1070 -
Negotiable
Suite 270 - Furniture Included

Furniture Suites 925, 975 & 1070 - Flex furniture
option
Suite 270 - Tenant: Foresight Mental

Health
Notes
Suites 925, 975 & 1070 – Spec Suites
(space is typically near move-in ready)
19800 MacArthur Blvd.| Tower I
3161 Michelson Dr. | The Michelson
Space(s) Suite 1025 (Direct)
Size (SF) 4,935 SF
Asking Rent
$4.15
(Monthly PSF)
Full-Service Gross
expenses)
Stories 19
Manulife US Real Estate

Landlord
Investment Trust
Year Built /
2007
Renovated
Parking
$85 Unreserved
Ratio and Fees
$200 Reserved
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Spent $100/SF on
Furniture renovating, so the landlord
will not pay to furnish suite.
Spec Suite
Notes (space is typically near move-
in ready)
400 Spectrum Center Dr
Irvine | Irvine Spectrum Submarket
Suite 220 (Direct) &

Space(s)
1680 (Sublease)
Suite 220 – 3,414 Sf

Size (SF)
Suite 1680 – 3,466 SF
Asking Rent $4.25 Direct

(Monthly PSF) $3.95 Sublease
Full-Service Gross
expenses)
Stories 21
Suite 220 Floor Size 22,000 SF

Year Built /
2017
Renovated
Parking
Ratio: 4.00/1,000 SF
Ratio and Fees
Suite 220 – $50
(Monthly per Stall)
Suite 1680 Sublease Occupancy Vacant
Suite 220 – Negotiable

Term Suite 1680 – Sublease thru
Aug 2024
Suite 220 – Furniture

Furniture Suite 1680 – All furniture
available
400 Spectrum Center Dr
Suite 220 Suite 1680 Sublease

17901 Von Karman Avenue
Space(s) Suites 680 & 1030
Suite 680 – 2,892 SF

Size (SF)
Suite 1030 – 3,627 SF
Asking Rent
$3.35
(Monthly PSF)
Full-Service Gross
expenses)
Stories 12
Manulife Financial
Landlord
Corporation
Year Built /
1985
Renovated
Parking
$75 Unreserved
Ratio and Fees
$150 Reserved
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Furniture TBD
Both brand new spec suites

in ready)
17901 Von Karman Avenue
1920 Main Street | Centerview West
Suite 830 – 2,319 SF

Size (SF)
Suite 880 – 3,808 SF
Asking Rent
$3.15
(Monthly PSF)
Full-Service Gross
expenses)
Stories 12
Landlord Emmes Group Of Companies

Year Built /
1987
Renovated

Ratio and Fees $50 Unreserved
(Monthly per Stall) $150 Reserved
Occupancy 30 Days
Term Negotiable
Some work stations &

furniture available, but
Furniture
nothing for conference room /
private office.
1920 Main Street | Centerview West
1 Park Plaza
Suite 190 - 2,519 SF

Size (SF)
Suite 430 – 2,970 SF
Asking Rent
$2.85
(Monthly PSF)
Full-Service Gross
expenses)
Stories 12

Year Built /
1985
Renovated
Parking
Ratio: 4.00/1,000 SF
Ratio and Fees
$40
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Both Suites - Furniture

Furniture
available
Both Spec Suites

in ready)
1 Park Plaza
Suite 190 Suite 430

17875 Von Karman Ave. | Bldg A
Space(s) Suite 220
Size (SF) 3,763 SF

Asking Rent
$3.00
(Monthly PSF)
Triple Net / NNN
(tenant pays their pro-rata
share of expenses
Lease Type
(maintenance, taxes, and
insurance) in addition to base
rent OPEX: $1.50
Stories 4
MetLife Investment
Landlord
Management
Year Built /
1989 / Renov 2016
Renovated
Parking
Ratio: 4.00/1,000 SF
Ratio and Fees
$80/stall/month
(Monthly per Stall)
Occupancy 30 Days
Term Negotiable
Could acquire workstations

and private office furniture for
Furniture tenant use. The cost of the
Furniture would add another
$.25-$.30/sf per month
17872 Gillette Ave |Building C
Space(s) Suite 100
Size (SF) 3,797 SF
Asking Rent
$3.00
(Monthly PSF)
Triple Net / NNN
share of expenses
Lease Type
rent OPEX: $1.50
Stories 4
MetLife Investment
Landlord
Management
Year Built /
1990
Renovated
Parking
Ratio: 5.00/1,000 SF
Ratio and Fees
$80/stall/month
(Monthly per Stall)
Occupancy Feb 2023
Term Negotiable
Furniture No furniture
17877 Von Karman Ave | Building B
Space(s) Suite 260
Size (SF) 3,021 SF
Asking Rent
$3.00
(Monthly PSF)
Triple Net / NNN
share of expenses
Lease Type
rent OPEX: $1.50
Stories 5
MetLife Investment
Landlord
Management
Year Built /
1990
Renovated
Parking
Ratio: 4.00/1,000 SF
Ratio and Fees
$80/stall/month
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Furniture No furniture
17877 Von Karman Ave | Building B
Virtual Tour
2211 Michelson Dr
Suite 670
Suite 330 – 2,942 SF
Size (SF)
Suite 670 - 3,517 SF
Asking Rent Suite 330 – $3.30

(Monthly PSF) Suite 670 - $3.15
Full-Service Gross
expenses)
Stories 12
Suite 330
Landlord A
Year Built /
Greenlaw Partners
Renovated
Parking
Ratio and Fees 2007
(Monthly per Stall)
Ratio: 3.38/1,000 SF
Occupancy $60 Unreserved
$150 Reserved
Suite 330 - 30 Days

Term
Suite 670 - Vacant
Furniture Negotiable
Could negotiate furniture

Notes allowance, but no furniture
onsite for the suite.
2211 Michelson Dr
3121 Michelson Drive
Space(s) Suites 105, 525 & 550
Suite 105 - 3,069 SF

Suite 105 Size (SF) Suite 525 - 3,084 SF
Suite 550 – 4,171 SF
Asking Rent
$3.65
(Monthly PSF)
Full-Service Gross
expenses)
Stories 6
Landlord LBA Realty

Year Built /
2004
Renovated

Suite 550 Ratio and Fees $65 Unreserved
(Monthly per Stall) $150 Reserved
Occupancy Vacant
Suite 525 Term Negotiable
Furniture Furniture to be negotiated

505 Technology Dr. | Discovery Park
Space(s) Suite 230
Size (SF) 3,214 SF
Asking Rent
$3.00
(Monthly PSF)
Triple Net / NNN
share of expenses
Lease Type
rent OPEX: $0.85
Stories 3

Year Built /
2019
Renovated
Parking
Ratio and Fees Free and clear
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Furniture Furniture already in space

505 Technology Dr. | Discovery Park
18101 Von Karman Ave | Lakeshore I
Space(s) Suite 1200
Size (SF) 3,190 SF
Asking Rent
$3.30
(Monthly PSF)
Full-Service Gross
expenses)
Building SF
396,862 SF
Stories 19
Landlord SENTRE Partners

Year Built /
1991
Renovated
Parking
Ratio: 0.92/1,000 SF
Ratio and Fees
$65/stall/month
(Monthly per Stall)
Occupancy Vacant
Term Negotiable
Not furnished. We'd have to

Furniture negotiate getting furniture in
this suite.
Spec Suites (space is

Notes
typically near move-in ready)
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18565-18575 Jamboree Rd.

2 19800 MacArthur Blvd.

3161 Michelson Dr.

4 400 Spectrum Center Dr.

5 17901 Von Karman Ave. 12 3121 Michelson Dr.

6 1920 Main Street 13 505 Technology Dr

1 Park Plaza 18101 Von Karman Ave.

Suites 270 (Sublease), Suite 220 (Direct) &

Asking Rent Suite 270 - $1.85 $4.25 Direct

Building SF 550,645 SF 368,243 SF 536,307 SF 466,696 SF 272,887 SF 295,000 SF 213,488 SF

Floor Size 65,000 SF 22,975 SF 28,226 SF 22,000 SF 22,741 SF 24,583 SF 17,790 SF

Manulife US Real Estate Manulife Financial

Year Built 2017 1987 2007 2017 1985 1987 1985

Parking Ratio: 4.00/1,000 SF Ratio: 4.00/1,000 SF

Suite 270 - Vacant

Suite 220 – Negotiable

Both Spec Suites

Suite 105 - 3,069 SF

Asking Rent Suite 330 – $3.30

Triple Net / NNN Triple Net / NNN Triple Net / NNN

Building SF 145,597 SF 83,317 SF 166,442 SF 266,605 SF 150,000 SF 79,200 SF

Floor Size 38,590 SF 23,487 SF 34,000 SF 22,217 SF 25,000 SF 24,000 SF 22,887 SF

MetLife Investment MetLife Investment

Suite 330 - 30 Days

Term Negotiable Negotiable Negotiable Negotiable Negotiable Negotiable Negotiable

Could acquire workstations

All Suites – Brand New Spec Spec Suites (space is typically

Space(s) Suites 120 (Sublease)

Size (SF) Suite 120 – 3,714 SF

Floor Size 65,000 SF

Landlord Trammell Crow Company

Sublease thru Aug 2031 *Must

Tenant: The Foundation for

Suites 270 (Sublease),

Suite 270 - 3,137 SF | Suite 925 -

Asking Rent Suite 270 - $1.85

Floor Size 22,975 SF

Landlord Irvine Company

Year Built / Renovated 1987

Parking Ratio: 4.00/1,000 SF

Suite 270 - Vacant

Suite 270 - Sublease thru Jan 2025

Suite 270 - Furniture Included

Suite 270 - Tenant: Foresight Mental

Space(s) Suite 1025 (Direct)

Size (SF) 4,935 SF

Floor Size 28,226 SF

Manulife US Real Estate

Suite 220 (Direct) &

Suite 220 – 3,414 Sf

Asking Rent $4.25 Direct

Suite 220 Floor Size 22,000 SF

Landlord Irvine Company

Suite 1680 Sublease Occupancy Vacant

Suite 220 – Negotiable

Suite 220 – Furniture

Suite 220 Suite 1680 Sublease

Space(s) Suites 680 & 1030

Suite 680 – 2,892 SF

Floor Size 22,741 SF

Both brand new spec suites

Space(s) Suites 830 & 880