Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Il Fornaio–Irvine (the "Property"), a premier retail offering located within the highly amenitized Lakeshore mixed-use campus in Irvine, California.

The Property is 100% leased to Il Fornaio, an internationally acclaimed Italian dining concept with a distinguished reputation for authentic cuisine and premium dining experiences. The subject location is one of the brand's most established and successful restaurants, having operated continuously at the Property for 35+ years. This exceptional tenure underscores the strength of the location and its longstanding relevance within the Orange County dining landscape.

The existing lease features materially below-market in-place rent with approximately 5.3 years of remaining term, creating a compelling opportunity to capture significant mark-to-market upside. Upon lease expiration, investors will have the ability to substantially increase rental income through re-leasing at prevailing market rents, re-tenanting with a best-in-class operator, or restructuring the lease to align with current market dynamics.

Strategically positioned within the Irvine Business Complex, the Property benefits from exceptional demographics, strong daytime population, and proximity to John Wayne Airport and major transportation corridors, including the Interstate 405. The surrounding submarket is undergoing a generational transformation, with significant residential development and the conversion of existing office inventory to alternative uses, further enhancing long-term demand for high-quality food and beverage offerings.

Overall, the Property offers a rare combination of legacy tenancy, embedded rental upside, near-term lease rollover, and long-term land value appreciation within a premier coastal Southern California location.