Diamond Jamboree - 2700 Alton Pky - Irvine - CA-2024!05!03
Diamond Jamboree - 2700 Alton Pky - Irvine - CA-2024!05!03
PREPARED BY
Connor Glasco
Table Of Contents
PEER PROPERTIES
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Peer Properties Summary
2700 Alton Pky - Diamond Jamboree
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
Page 2
Peer Properties Summary
2700 Alton Pky - Diamond Jamboree
Availability
Location
Property Name / Address Yr Blt/Renov Distance Bldg SF Anchor Spcs Avail % Vac % NNN Rent Per SF
Score
Diamond Jamboree
2700 Alton Pky 2008/- 0.00 mi 88 42,233 - 0 0% 0% $51 - 62 (Est.)
2 Bldg B
4237-4249 Campus Dr -/- 2.7 mi 50 51,198 Regal 2 2.6% 1.0% $44 - 54 (Est.)
7 LA Fitness
3021 Michelson Dr 2007/- 1.2 mi 97 45,000 - 0 0% 0% $41 - 50 (Est.)
8 Campus Plaza
4541 Campus Dr 1975/2002 2.7 mi 60 44,510 Albertsons 0 0% 0% $38 - 47 (Est.)
Sprouts Farmers…
9 9791-9931 Adams Ave
1982/- 7.1 mi 94 40,070 JOANN Fabric a… 0 0% 0% $37 - 45 (Est.)
10 Staples
241 E 17th St 1957/2000 6.1 mi 92 25,402 Staples 0 0% 0% $37 - 45 (Est.)
11 Best Buy
16171 Lake Forest Dr 1997/- 7.4 mi 100 41,150 Best Buy 0 0% 0% $36 - 44 (Est.)
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Properties Summary
2700 Alton Pky - Diamond Jamboree
Availability
Location
Property Name / Address Yr Blt/Renov Distance Bldg SF Anchor Spcs Avail % Vac % NNN Rent Per SF
Score
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Photos
2700 Alton Pky - Diamond Jamboree
Subject Property
21,435 SF / Vacancy Rate 0% 31,748 SF / Vacancy Rate 0% 56,420 SF / Vacancy Rate 3.5%
Rent/SF - $43 - 53 (Est.) Rent/SF - $43 - 52 (Est.) Rent/SF - $42 - 51 (Est.)
Owner: The Irvine Company Owner: The Irvine Company Owner: The Irvine Company
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Photos
2700 Alton Pky - Diamond Jamboree
12 589 Anton Blvd 13 Crevier BMW Mini Cooper 14 1425 Auto Mall Dr
15 1450 Auto Mall Dr 16 1400 S Dan Gurney Dr 17 Santa Ana Auto Mall
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 4 Tenants Spaces: 0
Center: Diamond Jamboree S… Construction: Masonry Square Feet 0
GLA: 25,962 SF Land AC: 11.58 AC Range: -
Year Built/Renov - Building FAR: 0.05 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $47.59-58.17
Parking 180 free Surface Spaces are available; Ratio of 6.93/1000 SF
Features: Bus Line, Pylon Sign, Signage
Frontage: 381' on Alton Pky, 463' on Jamboree Rd
PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 17 Tenants Spaces: 2
Center: University Center Construction: - Square Feet 1,326
GLA: 51,198 SF Land AC: 25.30 AC Range: 501 - 825
Year Built/Renov - Building FAR: 0.05 Max Contig: 825
Floors: 1 Total Expenses: - % Sublet: 0%
Loading Docks: - CoStar Est: $44.30-54.14
Parking -
Features: -
Frontage: 382' on Campus Dr, 596' on Stanford
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Storefront Tenancy: 1 Tenant Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 21,435 SF Land AC: 2.20 AC Range: -
Year Built/Renov 1975 Building FAR: 0.22 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $43.43-53.08
Parking -
Features: Signage
Frontage: -
PROPERTY AVAILABILITY
Type: Community Center Tenancy: 3 Tenants Spaces: 0
Center: Woodbridge Village C… Construction: Wood Frame Square Feet 0
GLA: 31,748 SF Land AC: 13.28 AC Range: -
Year Built/Renov 1979 Building FAR: 0.05 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $42.59-52.06
Parking Surface Spaces @ 0/mo
Features: Dedicated Turn Lane, Signalized Intersection
Frontage: Barranca (with 2 curb cuts)
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Power Center Tenancy: 22 Tenants Spaces: 2
Center: Crossroads Construction: - Square Feet 6,773
GLA: 56,420 SF Land AC: 4.92 AC Range: 2,000 - 4,773
Year Built/Renov 1993 Building FAR: 0.26 Max Contig: 4,773
Floors: 1 Total Expenses: - % Sublet: 0%
Loading Docks: - CoStar Est: $41.87-51.18
Parking 250 Surface Spaces are available; Ratio of 4.39/1000 SF
Features: Signalized Intersection
Frontage: 1,834' on Barranca Pky
PROPERTY AVAILABILITY
Type: Power Center Tenancy: 2 Tenants Spaces: 0
Center: Crossroads Construction: Masonry Square Feet 0
GLA: 50,000 SF Land AC: 6.57 AC Range: -
Year Built/Renov Renov 2011 Building FAR: 0.17 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $41.38-50.58
Parking 250 free Surface Spaces are available; Ratio of 5.00/1000 SF
Features: Signalized Intersection
Frontage: 642' on Barranca Pky
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Lifestyle Center Tenancy: 1 Tenant Spaces: 0
Center: Park Place Retail Cen… Construction: Reinforced Concrete Square Feet 0
GLA: 45,000 SF Land AC: 0.86 AC Range: -
Year Built/Renov 2007 Building FAR: 1.21 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $41.18-50.33
Parking 61 Surface Spaces are available; Ratio of 1.03/1000 SF
Features: Air Conditioning, Signage
Frontage: 237' on Michelson Dr.
PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 2 Tenants Spaces: 0
Center: Campus Plaza Construction: - Square Feet 0
GLA: 44,510 SF Land AC: 5.11 AC Range: -
Year Built/Renov 1975; Renov 2002 Building FAR: 0.20 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $38.16-46.64
Parking 352 Surface Spaces are available; Ratio of 4.39/1000 SF
Features: -
Frontage: -
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Community Center Tenancy: 4 Tenants Spaces: 0
Center: Town House Plaza Construction: Masonry Square Feet 0
GLA: 40,070 SF Land AC: 9.80 AC Range: -
Year Built/Renov 1982 Building FAR: 0.09 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $36.98-45.19
Parking 682 free Surface Spaces are available; Ratio of 4.00/1000 SF
Features: Signage
Frontage: Brookhurst, Adams
PROPERTY AVAILABILITY
Type: Community Center Tenancy: 1 Tenant Spaces: 0
Center: Mesa Center Construction: Wood Frame Square Feet 0
GLA: 25,402 SF Land AC: 2.40 AC Range: -
Year Built/Renov 1957; Renov 2000 Building FAR: 0.24 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $36.93-45.14
Parking 50 free Surface Spaces are available; Ratio of 1.96/1000 SF
Features: -
Frontage: 144' on 17th St (with 1 curb cut)
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Neighborhood Center Tenancy: 1 Tenant Spaces: 0
Center: Spectrum Crossroads Construction: - Square Feet 0
GLA: 41,150 SF Land AC: 2.94 AC Range: -
Year Built/Renov 1997 Building FAR: 0.32 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $36.17-44.21
Parking -
Features: -
Frontage: -
PROPERTY AVAILABILITY
Type: Health Club Tenancy: 1 Tenant Spaces: 1
Center: - Construction: - Square Feet 1,875
GLA: 42,148 SF Land AC: 3.51 AC Range: 1,875
Year Built/Renov 2000 Building FAR: 0.28 Max Contig: 1,875
Floors: 2 Total Expenses: - % Sublet: 4.4%
Loading Docks: - CoStar Est: $34.50-42.17
Parking -
Features: -
Frontage: -
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 35,000 SF Land AC: 3.31 AC Range: -
Year Built/Renov 1998 Building FAR: 0.24 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $30.04-36.71
Parking 284 Surface Spaces are available; Ratio of 8.11/1000 SF
Features: -
Frontage: 384' on Auto Mall Dr
PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: Reinforced Concrete Square Feet 0
GLA: 31,900 SF Land AC: 2.62 AC Range: -
Year Built/Renov 1991; Renov 2011 Building FAR: 0.28 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $29.91-36.56
Parking -
Features: -
Frontage: 305' on Auto Mall Dr
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: Masonry Square Feet 0
GLA: 29,281 SF Land AC: 3.33 AC Range: -
Year Built/Renov 1988; Renov 2010 Building FAR: 0.20 Max Contig: -
Floors: 2 Total Expenses: - % Sublet: -
Loading Docks: None CoStar Est: $29.87-36.51
Parking 320 Surface Spaces are available; Ratio of 10.00/1000 SF
Features: Pylon Sign, Signage
Frontage: Auto Mall Dr (with 1 curb cut), Dan Guerny Dr
PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 1 Tenant Spaces: 0
Center: - Construction: Masonry Square Feet 0
GLA: 31,762 SF Land AC: 4.44 AC Range: -
Year Built/Renov - Building FAR: 0.16 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $29.72-36.32
Parking Surface Spaces @ 0/mo
Features: Dedicated Turn Lane
Frontage: Dan Gurney (with 2 curb cuts)
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Details
2700 Alton Pky - Diamond Jamboree
PROPERTY AVAILABILITY
Type: Auto Dealership Tenancy: 2 Tenants Spaces: 0
Center: - Construction: - Square Feet 0
GLA: 41,000 SF Land AC: 6.98 AC Range: -
Year Built/Renov - Building FAR: 0.13 Max Contig: -
Floors: 1 Total Expenses: - % Sublet: -
Loading Docks: - CoStar Est: $23.95-29.27
Parking 200 Surface Spaces are available; Ratio of 4.87/1000 SF
Features: Car Charging Station, Skylights
Frontage: 698' on Auto Mall Dr, 736' on Ritchey St
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Comparison
2700 Alton Pky - Diamond Jamboree
Property Name / Address Star Rating NNN Asking Rent Per SF Vacancy Rate
Diamond Jamboree
$51 - 62(Est.) 0%
2700 Alton Pky
2600 Alton Pky
1 $48 - 58(Est.) 0%
Bldg B
2 $44 - 54(Est.) 1%
4237-4249 Campus Dr
210 Newport Center Dr
3 $43 - 53(Est.) 0%
LA Fitness
7 $41 - 50(Est.) 0%
3021 Michelson Dr
Campus Plaza
8 $38 - 47(Est.) 0%
4541 Campus Dr
9791-9931 Adams Ave
9 $37 - 45(Est.) 0%
Staples
10 $37 - 45(Est.) 0%
241 E 17th St
Best Buy
11 $36 - 44(Est.) 0%
16171 Lake Forest Dr
589 Anton Blvd
12 $35 - 42(Est.) 4.4%
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Comparison
2700 Alton Pky - Diamond Jamboree
Bldg B
2 2.6% 1%
4237-4249 Campus Dr
Diamond Jamboree
0% 0%
2700 Alton Pky
Santa Ana Auto Mall
17 0% 0%
1350 Auto Mall Dr
1400 S Dan Gurney Dr
16 0% 0%
Staples
10 0% 0%
241 E 17th St
2600 Alton Pky
1 0% 0%
LA Fitness
7 0% 0%
3021 Michelson Dr
3960 Barranca Pky
6 0% 0%
Campus Plaza
8 0% 0%
4541 Campus Dr
4730-4746 Barranca Pky
4 0% 0%
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Comparison
2700 Alton Pky - Diamond Jamboree
Property Name / Address Star Rating NNN Asking Rent Per SF Median Months on Market
Diamond Jamboree
$51 - 62(Est.)
2700 Alton Pky
2600 Alton Pky
1 $48 - 58(Est.)
Bldg B
2 $44 - 54(Est.) 3
4237-4249 Campus Dr
210 Newport Center Dr
3 $43 - 53(Est.)
LA Fitness
7 $41 - 50(Est.)
3021 Michelson Dr
Campus Plaza
8 $38 - 47(Est.)
4541 Campus Dr
9791-9931 Adams Ave
9 $37 - 45(Est.)
Staples
10 $37 - 45(Est.)
241 E 17th St
Best Buy
11 $36 - 44(Est.)
16171 Lake Forest Dr
589 Anton Blvd
12 $35 - 42(Est.) 13
Average $42.25 10
(Arrows indicate trend over last quarter)
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Comparison
2700 Alton Pky - Diamond Jamboree
Property Name / Address Star Rating 12 Mo. Leasing Activity in SF 12 Mo. Net Absorption in SF
Campus Plaza
8 2,436 0
4541 Campus Dr
Bldg B
2 2,032 (501)
4237-4249 Campus Dr
Diamond Jamboree
1,445 0
2700 Alton Pky
Santa Ana Auto Mall
17 0 0
1350 Auto Mall Dr
1400 S Dan Gurney Dr
16 0 0
Staples
10 0 0
241 E 17th St
2600 Alton Pky
1 0 0
LA Fitness
7 0 0
3021 Michelson Dr
3800-3850 Barranca Pky
5 0 0
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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Peer Property Comparison
2700 Alton Pky - Diamond Jamboree
Property Name / Address Star Rating NNN Asking Rent Per SF Median Household Income (5 mi)
Diamond Jamboree
$50.97-62.3(Est.) $99,152
2700 Alton Pky
2600 Alton Pky
1 $47.59-58.2(Est.) $98,979
Bldg B
2 $44.30-54.1(Est.) $112,083
4237-4249 Campus Dr
210 Newport Center Dr
3 $43.43-53.1(Est.) $112,307
LA Fitness
7 $41.18-50.3(Est.) $101,487
3021 Michelson Dr
Campus Plaza
8 $38.16-46.6(Est.) $112,678
4541 Campus Dr
9791-9931 Adams Ave
9 $36.98-45.2(Est.) $99,257
Staples
10 $36.93-45.1(Est.) $108,189
241 E 17th St
Best Buy
11 $36.17-44.2(Est.) $108,976
16171 Lake Forest Dr
589 Anton Blvd
12 $34.50-42.2(Est.) $92,162
5/3/2024
© 2024 CoStar Group - Licensed to Max Benjamin Partners - 1134551
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