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    17200 Red Hill Avenue

    Irvine, CA 92614
    • $2,699,900
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: OC20218748
    UPDATED: 116 min ago
    $2,699,900
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,950
      SQFT
    • $545
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2005
    County:

    School Ratings & Info

    Description

    This is a LEASED INVESTMENT. Medical Office with Tenant paying $14,232.00 a month GROSS= to $12,747 NET. 5 year lease with a two year option- solid medical practice- solid 5.1% CAP going in. The lease has increases. DRIVE BY ONLY- Exisiting business seeing paitents daily.Purchased in 2006, this beautiful single-story, 4,950 square foot medical / office condo underwent a contemporary custom build-out accented by high ceilings, high-end finishes and illuminated throughout with 4000 Kelvin color temperature lighting: a natural light ambiance. Additional upgrades include custom sized stained and professionally finished wood doors with aluminum frames and satin chrome hardware.The build-out also involved the installation of new electrical, mechanical and plumbing systems including triple-zoned and separately controlled HVAC units and security system, and is now technologically supported by the highest data transfer speed connection with Cat8 ethernet cabling as well as high speed fiber optic access. The build out was designed and constructed by an award-winning medical space planner / architect, Ware Malcomb.The interior layout itself provides 10 Patient Treatment Rooms, X-ray Suite, Surgery Room, 2 Waiting Rooms, 2 Reception Areas, 3 Offices, Multiple Cubicle Areas, Conference Room, Kitchenette/Break Room, separately air conditioned IT/Server Room and Storage/Cleaning space with hospital grade rapid heat water heater and sink.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111090288
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    17200 Red Hill Avenue Irvine, CA 92614

    • Price: $2,699,900
    • Status: Active
    • Updated: 116 min ago
    • ID#: OC20218748
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,950
    SQFT
    $545
    $/SQFT
    2005
    Built
    Neighborhood:
    AA - Airport Area
    County:
    Orange
    Area:
    AA - Airport Area
    Property Description
    This is a LEASED INVESTMENT. Medical Office with Tenant paying $14,232.00 a month GROSS= to $12,747 NET. 5 year lease with a two year option- solid medical practice- solid 5.1% CAP going in. The lease has increases. DRIVE BY ONLY- Exisiting business seeing paitents daily.Purchased in 2006, this beautiful single-story, 4,950 square foot medical / office condo underwent a contemporary custom build-out accented by high ceilings, high-end finishes and illuminated throughout with 4000 Kelvin color temperature lighting: a natural light ambiance. Additional upgrades include custom sized stained and professionally finished wood doors with aluminum frames and satin chrome hardware.The build-out also involved the installation of new electrical, mechanical and plumbing systems including triple-zoned and separately controlled HVAC units and security system, and is now technologically supported by the highest data transfer speed connection with Cat8 ethernet cabling as well as high speed fiber optic access. The build out was designed and constructed by an award-winning medical space planner / architect, Ware Malcomb.The interior layout itself provides 10 Patient Treatment Rooms, X-ray Suite, Surgery Room, 2 Waiting Rooms, 2 Reception Areas, 3 Offices, Multiple Cubicle Areas, Conference Room, Kitchenette/Break Room, separately air conditioned IT/Server Room and Storage/Cleaning space with hospital grade rapid heat water heater and sink.
    Exterior Features

    Entry Level 1 Lot Features Corner LotLevel With StreetNear Public Transit Lot Size Units Square Feet

    Interior Features

    Condo Area 4950 Condo Area Units Square Feet Laundry Features None Office Class B

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Medical Cap Rate 5.10 Country Us Current Use Comments Medical Investment Expense Year 2019 Gross Scheduled Income 170784.00 Investment Property YN Yes Land Lease YN No Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 137080.00 Occupancy Occupied Operating Expense 33704.00 Property Sub Type Office Special Listing Conditions Standard Total Monthly Rent 14232 Water Source Public Year Built Source Other Zoning Medical

    Listing provided courtesy of John Manion of John Manion, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-25T00:26:22.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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