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Orange County Professional Firefighters’ Association Acquires Office Building In Irvine For $8.6M

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SOLD
$8,600,000

California

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Office22,091 SF
Sold 11/26/2025
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Property Image
SOLD

Orange County Professional Firefighters’ Association Acquires Office Building In Irvine For $8.6M

8687 Research Drive

See Similar Deals
Office22,091 SF
Sold 11/26/2025
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$389
Total Square Footage:22,091 SF
Transaction Type:Sale

The property asset involved in this closed transaction is a flex office building located at 8687 Research Drive in Irvine, California. The sale was priced at $8,600,000, which equates to a price per square foot of $389 for the building that encompasses 22,091 square feet on 1.6 acres of land.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,600,000
  • Address: 8687 Research Drive, Irvine
  • Market: Irvine
  • Square Footage: 22,091
  • Price per Square Foot: $389
  • Buyer: Orange County Professional Firefighters’ Association
  • Broker: Mark DeGiorgio - Institutional Property Advisors - Marcus & Millichap
  • Broker: Taylor Friend - CBRE
  • Year Built: 2024 (asking price)
  • Previous Purchase Price: $10,600,000 in 2022

Mark DeGiorgio from Institutional Property Advisors, a division of Marcus & Millichap, and Taylor Friend from CBRE represented the sale. The flexibility of the property's zoning, along with its recent renovations and advantageous proximity to Irvine Spectrum and major highways, were significant factors in the transaction.

Players

Mark DeGiorgio
12 deals$626M volume(424) 405-3860
BROKER

Taylor Friend
CBRE
6 deals$350.6M volume(714) 566-5998
BROKER

Details

SOLD
IMAGE: Mark DeGiorgio & Taylor Friend DATE: 11/26/2025 ADDRESS: 8687 Research Drive MARKET: Irvine ASSET TYPE: Office ~ ACRES: 1.6 BUYER: Orange County Professional Firefighters’ Association BROKERS: Mark DeGiorgio (@Mark_DeGiorgio_CREInvest) - Institutional Property Advisors - Marcus & Millichap (@MarcusMillichapInc); Taylor Friend (@TaylorFriend) - CBRE (@CBRE) SALE PRICE: $8,600,000 SF: 22,091 ~ PPSF: $389 NOTE: The Orange County Professional Firefighters’ Association purchased the 22,091-SF flex office building at 8687 Research Drive in Irvine for $8.6M, below its $8.8M 2024 asking price and well under the $10.6M paid by the previous owner in 2022. Marcus & Millichap’s Mark DeGiorgio and CBRE’s Taylor Friend led the sale, highlighting the property’s flexible zoning, recent renovations, and prime location near Irvine Spectrum and major highways.

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