Updated Oct 28, 2024
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
About this deal
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.
On the Map
$27,600,000
$764/SF
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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