A 22,193-square-foot Class A office property at 2392 Morse Ave. in Irvine has been sold in an investment sale totaling $15.7 million. The pricing equates to $707 per square foot for the single-story building, underscoring the value placed on high-quality, well-positioned office assets in this part of Irvine.
The office property was formerly the headquarters of RiverRock Real Estate Group. According to the brokerage involved, the building has been extensively renovated, offering modern space within an established corporate setting. The asset also benefits from prominent visibility along the 5 Freeway, providing branding and access advantages that are notable for office users.
Economos DeWolf secured the buyer for the property and moved it into escrow before the asset was formally brought to the open market. That early execution indicates that the building attracted qualified interest quickly once made available to select parties.
The Economos DeWolf team of Steve Economos and Geoff DeWolf represented both the buyer and the seller in the transaction. Their dual representation encompassed sourcing the buyer, structuring the deal, and guiding the property from pre-market positioning through closing.
The brokerage described the asset as a single-story office building with high-end interior finishes and an irreplaceable location within Irvine. The combination of recent renovations, Class A designation, and freeway frontage positions the property as a differentiated office option in its immediate competitive set.
With its history as a corporate headquarters, modernized interiors, and strong visibility along a major transportation corridor, the building illustrates how well-located, upgraded office assets can still command premium per-square-foot pricing in the current environment when properly marketed to motivated buyers.
