Two speakers debate whether a commercial property near Irvine Spectrum and Great Park should be classified in the Irvine MSA or a neighboring one, noting the listing advertises it as Irvine instead of nearby Lake Forest.
It's worth a dive into, right?
So it's in by Irvine Spectrum and Great Park. So it's that same area that we were talking about.
So is it considered the Irvine MSA or is it considered the Podunk MSA?
That's a good question to ask, but it was advertised as in Irvine, right?
Okay.
Instead of Lake Forest, which is the one where the other warehouse was.
Got it.
Okay, let's see. $9.5 million purchase price. $29,000 square feet, price per square foot is $325, 1.5 acres, 24-foot ceilings, 83 parking stalls. And a lot of parking stalls are good for this concept in case there's events and stuff like that. And then the second floor is— first floor is $19,000, second floor is $10,000.
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