Updated Oct 29, 2024
32 Rancho Circle, LLC Acquires Property From Bernards Irvine, LLC At 2569 McCabe Way Irvine
2569 McCabe Way, Irvine, CA, 92614
Building Size
23,021 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 2569 McCabe Way, Irvine, CA, 92614. It encompasses a total square footage of 23,021. The transaction was part of the Irvine market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not specified
- Buyer: 32 Rancho Circle, LLC
- Seller: Bernards Irvine, LLC
- Buyer's Representative: Mark Jerue, Craig Fitterer from Lee & Associates
- Seller's Representative: Allen Basso, Brian Garbutt from Lee & Associates
The representatives involved in this transaction include Mark Jerue and Craig Fitterer for the buyer, both affiliated with Lee & Associates. On the seller's side, Allen Basso and Brian Garbutt, also from Lee & Associates, handled the deal. This transaction outlines the collaborative effort of these brokerage representatives in facilitating the sale.
On the Map
Players
Irvine CRE Market Snapshot
Boundary boundary · CRE · Sale 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