96 Corporate Park, a three-story, 41,545 square-foot creative office building in Irvine was purchased as a partial owner/user investment opportunity by Bomel Construction for $15.05M.
The property is best known as the most prominent building in Corporate Park due to its visibility off Jamboree Road, near The District of Tustin Legacy. At the time of the sale, the property was just under 40% percent occupied with two long-term tenants.
“Although we weren’t prepared to sell a half renovated property, Bomel Construction was able to convince us to transact,” said Tibor Kelemen, President of Kelemen Caamaño Investments. “We believe 96 Corporate Park has already been transformed into a great asset and we wish the new owners the best success with this property.”
The sale was jointly handled by Rob Rader, Vice President of Wind Water Realty, and Gary Marquis of Coldwell Banker Commercial. Wind Water Realty represented the Seller, Kelemen Caamaño Investments.
In 2015, the building was acquired by Kelemen Caamaño Investments, recently named a top Orange County commercial developer, with the goal of renovating the outdated 30-year-old building into a highly sought-after lifestyle, creative workspace.
The property is currently managed by Wind Water Realty. For more information on additional creative office spaces available in Orange County, visit the Properties Page or call 949-231-5022.