17232 Red Hill Avenue - Suite H
17232 Red Hill Avenue - Suite H
Irvine, CA 92614
Leased Investment • 5.1% Cap Rate • $137,080 NOI
2,699,900 • 5.1% Cap Rate • $137,080 NOI
4,950sqft

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.

Among the beautifully designed, landscaped, and well-maintained professional business park, the Property offers ample subsurface parking and prominent building signage and visibility as it fronts Red Hill Avenue and is accentuated by an exterior glass line and high-profile, entrepreneurial image.

The property is ideally situated within the 3.91-acre Red Hill McGaw Business Center totaling 62,600 square feet built in 1965. Its original owner/user later converted the entire industrial project into numerous condos, each separate parcels, in 2005. Its central location presents an ideal position for commuting; just two miles away from the John Wayne Airport and with Interstates 5 and 405 running through the city and numerous nearby highways and toll roads connecting the community to abundant world class shopping, dining, and entertainment as well as the Orange County beaches.  

Investment Highlight:

This investment opportunity is currently home to ProCare Work Injury Center, an employer’s health resource facility, focusing on evaluation and management of health issues and injuries arising for the workplace or environmental exposures. ProCare Work Injury Center has carved out a unique niche in the medical industry as workers compensation is mandatory for all employers in the state of California. ProCare has the correct processes in place to serve these patients and to navigate through the bureaucratic process to continue providing a successful, thriving medical practice.

ProCare currently operates two locations in Irvine and Huntington Beach with three board certified physicians, three physician assistants, two physical therapists, one PT assistant, and one chiropractor.

This investment comes with a successful tenant in tow!

Features
  • Prestigious Irvine Address
  • High-Image Medical / Office Condo
  • Prominent Building Signage & Visibility
  • Creative Glass Line
  • Ample Parking
17232 Redhill Avenue Suite H
Irvine, CA 92614

John Manion

Executive Vice President
NAI Capital
949.468.2306
Cal DRE #01247695

Jeanene Stolrow

Vice President
NAI Capital
949.468.2345
Cal DRE #02019674
Get in touch
NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. NAI CAPITAL CA BRE #01990696.
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