Anchor Health Properties Acquires Medical Office In Irvine For $27.6M
4980 Barranca Parkway, Irvine, California 92604, United States
$27,600,000
$764/SF
Building Size
36,104 SF
Asset Type
—
Closing
Apr 25, 2022
AI
Anchor Health Properties has acquired a medical office in Irvine. The property, located at 4980 Barranca Parkway, was sold by Boureston Development. The transaction took place on April 26, 2022, and the sale price was $27,600,000. The medical office spans 36,104 square feet, resulting in a price per square foot of $764.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $27,600,000
- Address: 4980 Barranca Parkway
- Market: Irvine
- Buyer: Anchor Health Properties
- Seller: Boureston Development
The seller's representatives in this deal were Sean Fulp, Mark Schuessler, Ryan Plummer, John Scruggs, Kevin Shannon, Paul Jones, and Ken White from Newmark.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93