CBRE recently facilitated the sale of a 9,073-square-foot office building in Irvine for $4.5 million to a local law firm. The property, located at 17631 Fitch Street, was represented by Ross Bourne, Anthony DeLorenzo, Bryan Johnson and Nick Williams from CBRE’s Investment Properties team on behalf of an Orange County-based private investor.
According to Bourne, the new owner will benefit greatly from this prime asset situated in one of the most sought-after areas in the county. The single-story building is located within Greater Airport Area which is known for its safety and stability in real estate market. Its convenient location near State Route 55 also makes it easily accessible for employees commuting to work.
Built in 1980 with low-rise features and ample surface parking space (38 spots), this property offers great potential for growth and expansion opportunities as well as easy access to major highways such as I-405,I-5,and SR-73.The acquisition marks another successful transaction by CBRE’s Investment Properties team who continue their track record of delivering exceptional results for clients across Southern California.
