Updated Apr 15, 2026
Olivier Blum Of Schneider Electric Signs Lease For 24,836-SF Office At 510 Technology Drive
510 Technology Drive
Building Size
24,836 SF
Asset Type
Office
Closing
Apr 6, 2026
About this deal
AI
The property involved in this lease transaction is located at 510 Technology Drive in the Irvine market. This office asset encompasses 24,836 square feet of space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 510 Technology Drive
- Market: Irvine
- Square Footage: 24,836
- Tenant: Olivier Blum - Schneider Electric
- Availability in Irvine Spectrum: 15.7%
- Highest rents in the county: $3.06/sf
- Overall Orange County office market availability: 19.1%
Olivier Blum represents Schneider Electric in this lease agreement, which marks a new location for the company in the rapidly developing Irvine Spectrum area known for its influx of energy and tech firms.
Players
Irvine Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93