Topside Real Estate Represents Buyer in Acquiring IBC Flex Building for $244/SF
ORANGE COUNTY, CA – Topside Real Estate recently closed on a 2-story, 15,275 square-foot flex/office building in the Irvine Business Complex. Rob Rader and Mac Mace represented the buyer in this $3.73 million transaction.
The property was vacant at the close of escrow and in shell condition with deferred maintenance. “Our client is a local investor who appreciates the building’s location within the IBC and its ability to attract future tenants,” Rader shared.
Renovations have already begun to transform the building into a high-end R&D facility that will attract some of the top aerospace, life science, medical device, and other similar companies in the area. “A free-standing 15k SF building with a ground-level door and access to 67 parking stalls gives future users unlimited options when designing the layout,” Mace added.
This purchase is intended to be a long-term hold for the buyer. He is using this mentality as he goes above and beyond during the construction period. The goal is to find a tenant who wants to make this building their home for the next 15-20 years.
About Topside Real Estate
Topside Real Estate is a full-service commercial real estate brokerage firm located in Newport Beach, CA. Founded in 2020 by Rob Rader, the company services Southern California investors with the acquisition and disposition of commercial real estate. The Topside team’s extensive experience in development and value-add projects aligns well with property owners seeking new opportunities or needing assistance with maximizing the value of their current real estate portfolio. www.topsidere.com