Updated Oct 12, 2026
TGS Management LLC Acquires 42.1 Acres Of Land In Irvine For $240M
Barranca Parkway, Irvine, California 92604, United States
$240,000,000
Building Size
—
Asset Type
—
Closing
Apr 17, 2023
About this deal
AI
An approximately 42.1-acre land located on Barranca Parkway in Irvine has been sold for a staggering price of $240,000,000. The sale was finalized on January 30, 2023, and the transaction was facilitated by CBRE, the brokerage handling the deal.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $240,000,000
- Address: Barranca Parkway
- Market: Irvine
- acreage: 42.1 acres
The buyer of this land was TGS Management LLC, represented by Fred Taylor. On the other hand, the seller was Five Point Holdings LLC, represented by Dan Hedigan.
On the Map
$240,000,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93