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3 BURROUGHS, IRVINE SPECTRUMCREATIVE OFFICE/ R&D BUILDING
±37,435 SQUARE FEET
AVAILABLE FOR SALE OR LEASE
BE CUSTOM BE CREATIVE BE UNIQUE
RENOVATION INCLUDED:
» Main Lobby – demolished a portion of the 2nd floor to create a new 2 story lobby with floor to ceiling glass and exposed concrete and steel
» Elevator – added a new elevator
» Roof – new Title 24 compliant roof
» Patio – created a new furnished exterior amenity area
» Atrium – enclosed the back atrium with new skylights
» Rollup – added a new overhead door
» Interiors – sandblasted and exposed concrete walls and wood beams
» Spec work – added new meeting and huddle rooms
» Exteriors – added new architectural metal paneling, steel eyebrow, wood accents, and new paint throughout
» Landscaping – new drought tolerant landscaping and irrigation throughout the site
» Parking lot – major repair and replacements, code compliant ADA parking
» Sidewalk – newly installed sidewalk to the street
Building Highlights
PROJECT FEATURES:
• Approximately 37,435 Square Foot, Two-Story Office/ R&D Building
• Entire Building For Sale or Lease
• Full Building or Multi-Tenant Options
• Building Top Signage Available
• Frontage on Bake Parkway
• Abundance of Parking (4:1,000 Ratio)
• Excellent Access to the 5, 405 and 133 Freeways
• Close Proximity to Retail Amenities, Spectrum Center and Lake Forest Gateway Center
SitePlan
BAKE PARKWAY
BURROUGHS
Alton Parkway
Bake Parkway
Irvine Center Drive
Research
Marconi
Rockfield Blvd.
Barranca Pkwy.
Mu
irland
s Blvd
.
Burroughs
FloorPlans
Hypothetical - first floorB
ake
Par
kway
Parking
C.O.P.
Parking
Hypothetical - second floor
Parking
C.O.P.
SitePlan
Bake Parkway
Bur
roug
hs
Property Amenities
ATRIUM & OPEN OFFICE
OUTDOOR AREAS
COLLABORATIVE AREAS
OUTDOOR PATIO
ABUNDANCE OF PARKING
GLASS CORRIDORS
GROUND LEVEL LOADING
SitePlan
AreaAmenities
1. Starbucks2. Wahoo’s Fish Tacos3. Urban Grill & Wine Bar4. Round Table Pizza5. Thai Garden6. El Pollo Loco7. Quiznos8. Los Primos Mexican Food9. Mustard Cafe10. The Flame Broiler11. California Fish Grill12. Jersey Mike’s13. Coffee Bean & Tea Leaf14. Chili’s15. Subway16. Chick-fil-A17. Islands Fine Burgers & Drinks18. Souplantation19. Rubio’s Baja Grill20. Togo’s21. Daphne’s California Greek22. Outback Steakhouse23. In-N-Out Burger24. Chipotle25. Baja Fresh26. Thai Corner27. Rachel’s Cocina28. La Cocina de Ricardo29. The Rush Bar & Grill30. Luna Grill31. The Habit Burger32. Daphne’s California Greek33. Bru Grill34. Scarantino’s Sports Bar/Grill35. Kings Fish House36. Kula Sushi37. Rubio’s 38. Olive Garden39. Avila’sElRanchito40. Biagio’s Italian41. Spice Thai Cuisine42. Bhan Baitong Thai
DINING
43. Tutto Famiglia44. Nory’s Restaurant45. AquaRestaurant46. Tasty Thai47. Peppino’s Italian48. Wow Bento49. Baja Fish Tacos50. Pita Pita60. Cucina Enoteca61. Wood Ranch BBQ62. Luna Grill63. Umami Burger64. Kabuki Japanese65. Specialty’s Cafe66. Spectrum Grill Cafe67. AllThePerks68. McDonalds69. KFC70. Jimmy Johns71. Starbucks72. Hikari Poki73. Cicero’s Pizzeria74. Jin Japanese75. Subway76. Sushi77. El Polo Loco78. Starbucks79. Skewers80. Jimmy Johns81. Cileros Pizzeria82. Hikari
HOTELS
1. Courtyard Marriott2. Hampton Inn3. Hilton Garden Inn4. ExtendedStayAmerica5. Best Western Spectrum6. Courtyard Spectrum7. Double Tree Hilton8. Residence Inn Irvine9. Candlewood Suites10. Quality Inn11. Holiday Inn Spectrum12. Courtyard Laguna Hills13. Comfort Inn Spectrum14. Staybridge Suites Irvine15. The Prominence
ENTERTAINMENT
1. Regal Cinemas2. Modjeska Playhouse3. Creative Kids Playhouse4. Laguna Hills Cinemas5. Musical Theater Village6. Edwards Cinemas Spectrum7. Improv Comedy Club
FITNESS
1. 24 Hour Fitness2. LAFitness3. Crunch Lake Forest4. Cross Fit Forest5. Trim Fitness6. New Wave Fitness7. Hard Core Fitness8. California Home Fitness9. CrossFitArc10. Curves11. Fitness Comes First12. 24 Hour Fitness
BANKS
1. Comerica Bank2. Wells Fargo Bank3. Chase Bank4. Bank of the West4. BankofAmerica5. Union Bank6. Orange County Credit Union7. Wells Fargo8. Chase Bank9. RoboBank10. Citibank11. Wells Fargo12. BankofAmerica13. US Bank14. Farmers & Merchants15. NuVision Credit Union
SERVICE/RETAIL
1. Home Depot2. Home Depot3. Home Depot4. Target5. Target6. WalMart7. WalMart
AmenitiesOAK CREEK GOLF CLUB
QUAIL HILLPRESERVE
SHADY CANYONGOLF CLUB
IRVINESPECTRUM
TOLEDO WAY
ALTON PKWY
ALTON PKWY
BARRANCA PKWY
BARRANCA PKWY MU
IRLANDS BLVD
UNIVERSITY DR
jE
FFREY
RD
SHADY CANYON DR
SHAD
Y CAN
YON D
R
SAN D
CANY
ON AVE
IRVINE CENTER DR
IRVINE CENTER DR
IRVINE CENTER DR
LAG
UNA
CANY
ON RD
LAKE FOREST DR
RO
CKFIELD BLVD
jERONIMO
RIDGE RTE DR
RESEARCH DR
TECHNOLOGY DR
QUAIL HILL PKWY
CULV
ER DR
E YALE LOOP
W YALE LOOP
MICHELSON DR
TURTLE ROCK D R
TURTLE ROCK DR
RIDGELINE DR
LA
KE F
ORES
T DR
BAKE PKWY
PORTOLA PKWY
GLENN RANCH
L
OS A
LISO
S BLV
D
DIM
ENS I ON
RANCHO PKWY
alton pkwy
EL TORO ROAD
MARG
UERI
TE P
KWY
PAULI NG ELLIPSE
TOWNE CENTRE
IRVINE BLVD
TRABUCO ROAD
LAKE FOREST
FOOTHILL RANCH
MISSION VIEjO
CO
MM
ERCENTRE
ARCTIC OCEAN
CRESCENT BAY
123
4567
8
25
910
11
1213
14
15
16
17
19
2120
1824
2223
1
2
3
4
5
7
6
1
23
4
6
2
3
45
1
1
2
1
28
26
27
3029
49
3134 32
3635
3338
4039
374244
43
41
48
45
47 46
53
50
5456
51
5255
6063
59
61
5758
62
6466
65
67
71
69
706873
72
7
8
5
6
9
10
1112
13
14
15
8
9
7 6
5
3
4
10
11
6
2
4
5
3
12
7
11
12
10
13
8
9
6
7
1415
747675
77
7981
80
78
82
Bake Parkway
Burroughs
City of Irvine » Irvine is an incorporated city in Orange County, California. It is a planned
city, mainly developed by the Irvine Company starting in the 1960s.
» Currently, Irvine is larger in land area than any other city in Orange County.
» The city is home to the University of California, Irvine (UCI), and the Orange County Center of University of Southern California, Irvine Campus of Alliant International University, Concordia University, and Irvine Valley College.
» In 2014, Irvine was ranked the safest big city in America for the 10th year in a row. It was also ranked America’s best-run city by financial news and opinion website 24/7 Wall St.
» Irvine’s world-class workforce has grown significantly in the last two years. Irvine residents are exceptionally well educated, with nearly 25% of the adult population holding a graduate degree and well over 50% having graduated from college. High educational attainment levels create a healthy environment for research and development, science and technology, and entrepreneurial growth.
» As a planned community, Irvine offers a safe, family-oriented lifestyle and a thriving urban business community. As a result, Irvine has the highest percentage of Orange County residents who work and live in the same city.
» Irvine is a young, dynamic and fast-growing community boasting state of-the-art transportation programs and systems, an enterprising business environment, acclaimed community entertainment and recreation facilities, stellar educational institutions.
POPULATION
AGE
HOUSEHOLDS
INCOME
HOUSING UNITS
2017 POPULATION 371,280
2022 POPULATION 399,795
PERCENT POP. CHANGE 8.74%
2017 AVERAGE AGE 37.15
2017 HOUSEHOLDS 89,677
2022 HOUSEHOLDS 97,164
PERCENT HH CHANGE 8.35%
AVERAGE SIZE 2.64
2017 AVERAGE INCOME $123,591
2017 HOUSING UNITS 94,931
Formally incorporated in 1971,has a population
of just over243,000square
mile city
65 the
Rank Employer # of Employees
1 CSU, Irvine 12,186
2 Broadcom Corp 7,000
3 Edwards Lifesciences Corp 3,500
4 Verizon Wireless 3,500
5 James R Glidewell Dental Crmcs 3,000
6 Emplicity 2,414
7 Allergan Inc 2,000
8 Parker Control Systems Div 1,500
9 Toshiba America Info Systs Inc 1,300
10 B Braun Medical Inc 1,200
NEWPORT BEACH TOP EMPLOYERS
BUSINESS POINTS WITHIN A 1 MILE RADIUS
The following business amenities are also within 1 mile: » 57 Restaurants
» 7 Hotels & Motels
» 28 Fitness, Recreational Sports Centers
» 17 Grocery Stores
» 10 Banks
BUSINESS POINTS WITHIN A 3 MILE RADIUS
The following business amenities are also within 3 miles: » 387 Restaurants
» 30 Hotels & Motels
» 145 Fitness, Recreational Sports Centers
» 120 Grocery Stores
» 178 Banks
15
21
Shopping Centers91 mile
2 miles
3 miles
1
2
3
BUSINESS POINTS WITHIN A 2 MILE RADIUS
The following business amenities are also within 2 miles: » 285 Restaurants
» 24 Hotels & Motels
» 90 Fitness, Recreational Sports Centers
» 85 Grocery Stores
» 117 Banks
2,851
2,851
2,851
2,851
1 mile
2 miles
3 miles
5 miles
TOTAL BUSINESSES
2,851
2,851
2,851
2,851
1 mile
2 miles
3 miles
5 miles
DAYTIME EMPLOYMENT(TOTAL EMPLOYEES)
Irvine DevelopmentsBROADCOM
OC GREAT PARK
» The chipmaker is currently building its first company-owned campus near Irvine’s Great Park. This new development is to accommodate the company’s recent announcement surrounding its high-performance additions to a chip line that it expects to be widely used in network systems that help direct Internet traffic, the Wall Street Journal reported in 2015.
» The 73 acre complex is expected to cost $778 million, with five buildings slated for the first of two development phases that will eventually span two million square feet, with space to accommodate up to 8,000 employees.
» Currently under development are 688 acres of parkland. Within that acreage is the development of a 175-acre Sports Park. Public-private partner Five Point Communities is opening its adjacent private land with new homes and non-residential, including a land sale to Broadcom Corp. near the Great Park that is expected to be a business magnet.
» The first phase of construction is scheduled for occupancy in 2017.
» Five buildings are slated to go up, including a conference center and auditorium. From an aerial view, the buildings’ placement will mimic the shape of the company’s logo.
» When the dual phase campus is completed the campus will have more laboratory space and offer amenities similar to what other tech companies have on campus to attract and retain talent, such as a fitness center with outdoor basketball and volleyball courts.
» In addition, plans include a 188-acre golf course and golf practice facility and clubhouse, 71-acre agriculture component, a 40-acre Bosque area near the Trabuco entrance, 36-acre Upper Bee Canyon area and improvements that will connect the Great Park to Irvine Boulevard, as well as the 178-acre Wildlife Corridor. The proposal does not impact the Cultural Terrace, which remains part of the Great Park Master Plan and will be developed at a later date.
Irvine Features
» The Irvine Business Complex (IBC) is a unique part of the City of Irvine, a daily destination for more than 110,000 employees and the home to more than 4,500 companies. Dating from the 1970s, the IBC was developed solely as a commercial and industrial center serving Southern California as a regional economic and employment base, including hotel, restaurant, and commercial, retail, industrial and office uses. The IBC extends over 2,760 acres, making it the largest business complex in the Orange County region. The complex was originally designed as the bustling working machine for the city, creating a unique environment for economic growth and vitality. The boundaries of the Irvine Business Complex, located on the southwestern portion of the City of Irvine, are well defined. John Wayne Airport forms the northwestern boundary and San Diego Creek forms the southeastern boundary, with two arterial roads—Barranca Parkway and Campus Drive—forming the northeast and southwest boundaries of the IBC area.
UNIVERSITY OF CALIFORNIA, IRVINE
» The University of California, Irvine (UCI, UC Irvine, or Irvine) is one of ten campuses of the University of California (UC) system and is located in the heart of Irvine. UCI currently has approximately 28,000 students and competes in 18 men and women’s sports in the NCAA Division I. In 2013 Kiplinger ranked UCI 16th out of the top 100 best-value public colleges and universities in the nation (5th in California).
IRVINE BUSINESS COMPLEX
Irvine Retail
OC GREAT PARK
IRVINE SPECTRUM
» Orange County’s Great Park sits on the former Marine Corps Air Station El Toro in Irvine. At its completion, it is planned to span 1,347 (larger than New York City’s Central Park). Planned features will include a botanical garden, sports park, wildlife corridor, golf course and cultural terrace with museums and a library. The park is imagined to be the next great metropolitan park with high visibility throughout the nation. Currently, the park has a number of ongoing events and activities, including a farmers market, carousel and balloon attraction that takes 25-40 passengers up 400 feet in the air. Over the coming years, the park will add a golf course, hiking trails, a wooded nature area and a sports park.
» The Irvine Spectrum Center is an outdoor mall on the south-east edge of Irvine, centered on a large Edwards 21 Cinemas movie theater. Built over a 10 year period, the first phase of the mall opened in 1995 and is one of Southern California’s most popular shopping and dining destinations, visited by more than 15 million people each year. There are 141 specialty stores, restaurants and entertainment venues. It also has a 21-screen movie theater that was, at the time of its completion, the largest movie theater in the western United States. During development the Edwards Company code-named it “The Big One”, which remained the movie theater’s nickname for a while thereafter until numerous other theaters eclipsed its screen count, particularly AMC’s 30-screen complex at The Block at Orange. The Center is known for its upscale family environment, its safety, its ornate beauty with intricate tile work, massive archways, quaint canopy covered walkways, and many fountains (some of them interactive for kids) inspired from those found in Italy, Spain and Morocco. Many Irvine residents can easily spot the location of “the Spectrum” at night because of the moving searchlights it projects in the night sky. It can also be seen from both I-5 and I-405 as it is located in the cleft of the I-405/I-5 split.
County Of Orange » Ranked in Forbes magazine’s top 50 economically thriving metro areas,
range County enjoys lower business costs, a highly qualified workforce, and one of the lowest unemployment rates in the country.
» Attraction and retention of the world’s leading companies will remain high due to Orange County’s 17 colleges and universities, one of the best educated work forces in the world, and an independent attitude.
» Orange County is roughly 1% of the U.S. Population, but it has 3% of Fortune 500 companies.
» Between February 2014 and February 2015, educational and health services added 8,800 jobs; leisure and hospitality grew by 7,300 jobs, and trade, transportation and utilities expanded by 4,300 jobs.
» Orange County’s 42 mile coastline offers all types of seafaring activities including some world class boating, snorkeling, scuba diving, and fishing. There are many marinas lining the coast that offer boat cruises, fishing trips, whale watching and charter services.
» Orange County’s top employer, Disneyland has a larger cumulative attendance than any other theme park in the world, with over 650 million guests since it opened. Annually the park hosts approximately 16.8 million guests, making it the third most visited park in the world.
POPULATION
AGE
HOUSEHOLDS
INCOME
HOUSING UNITS
2016 POPULATION 3,194,830
2021 POPULATION 3,357,216
PERCENT POP. CHANGE 5.08%
2016 AVERAGE AGE 38.41
2016 HOUSEHOLDS 1,053,963
2021 HOUSEHOLDS 1,109,947
PERCENT HH CHANGE 5.31%
AVERAGE SIZE 2.99
2016 AVERAGE INCOME $106,499
2016 HOUSING UNITS 1,111,695
$&
More thanspending approximately
supporting nearly
industry jobslocal tourism
million touristsOrangeCounty
visit
annually,
160,00043 8.7 billion
NEWPORT BEACH
PALM SPRINGS SAN DIEGO SAN FRANCISCO
ANAHEIM LOS ANGELES9 Miles
73 Miles 76 Miles 385 Miles
13 Miles 36 Miles
Distances to
ORANGE COUNTY TOP RETAIL ORANGE COUNTY ATTRACTIONS
» South Coast Plaza — The largest mall on the West Coast and a chic, luxury shopping experience
» Fashion Island — An upscale, open-air lifestyle center in Newport Beach
» Bella Terra — Outdoor mall in Huntington Beach with eclectic shops and restaurants
» Irvine Spectrum — A shopping, dining and entertainment destination in Irvine
» The Market Place — Premier shopping mall in the dynamic city of Tustin
» The District at Tustin Legacy — 1 million-square-foot lifestyle center with movie theater
» Newport Beach & Harbor
» Golf courses
» Orange County’s Performing Arts Center (OCPAC)
» Honda Center
» Angels Stadium
» Laguna Art Museum – Laguna Beach
» Disneyland Park & Disney’s California Adventure Park – Anaheim
» Knott’s Berry Farm – Buena Park
© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
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BE CUSTOM BE CREATIVE BE UNIQUE
