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
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.
Players
Irvine CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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