Axonics Leases 145,500 SF HQ In Irvine's Largest Office Deal In 2 Years

Axonics, a medical device maker, has secured a new headquarters hub in Irvine by leasing nearly 145,500 square feet across two buildings at 15515 and 15525 Sand Canyon Avenue. This marks Orange County's largest office deal in two years. The 10-year lease, which begins April 1, 2024, includes up to $8.5 million in tenant improvements from the Irvine Company. The monthly rents start at $2.15 per square foot. The new hub will support Axonics' major expansion following record sales for bladder and bowel dysfunction treatment products.

Summary of transation details

• Property Type: Office
• Transaction Amount: Lease
• Image: Raymond Cohen
• Date: 04/28/2023
• Address: 15515 Sand Canyon Avenue & 15525 Sand Canyon Avenue
• Market: Irvine
• Landlord: Irvine Company
• Tenant: Axonics - Raymond Cohen
• Asking Rent: $2.15/ft.
• SF: 145,500

The deal involves Axonics, represented by Raymond Cohen, as the tenant, and the Irvine Company as the landlord. The lease agreement includes a 10-year term starting from April 1, 2024, and encompasses two buildings located at 15515 and 15525 Sand Canyon Avenue. As part of the deal, Axonics will receive up to $8.5 million in tenant improvements provided by the Irvine Company. The new headquarters hub in Irvine is a strategic move for Axonics to support its expansion plans following the successful sales of bladder and bowel dysfunction treatment products.