:no_upscale():quality(75))
Two Orange County Class-A office properties have been put on the block: 1901 Main St (pictured), a 172,800 SF trophy property in Irvine; and Fairway Center II, a 134k SF suburban office building in Brea.
Marketed by Cushman & Wakefield, both properties have creditworthy tenants, including Morgan Stanley, Bosch, CNA and New York Life, and are poised for rent growth as the market tightens, says Cushman & Wakefield executive director Jeffrey Cole, according to GlobeSt.
The eight-story 1901 Main St is 100% occupied and offers in-place, stable cash flow. It's adjacent to I-405 and SR-55, and its location provides a coastal live-work environment.
Fairway Center II, near SR-57 and Imperial Highway, is 97% leased. With 52% credit tenancy, it's a stable office asset with in-place cash flow. [GS]
