Updated Jul 15, 2026
Alina & Sorin Chis Acquire Industrial Property At 1 Wrigley Irvine For $5.795M
1 Wrigley
$5,795,000
$354/SF
Building Size
16,372 SF
Asset Type
Industrial
Closing
Jun 30, 2026
About this deal
AI
The sale involves a 16,372 square-foot freestanding industrial building located at 1 Wrigley in Irvine, California. The transaction was concluded at a price of $5,795,000, equating to a price per square foot of $353. The property is situated in a prominent corner location at the intersection of Bake Parkway and Muirlands Boulevard, providing excellent visibility in the competitive Irvine Spectrum market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,795,000
- Buyer: Alina & Sorin Chis
- Seller: Ryan Rieches & Ray Baird
- Brokers: Jeff Carr & Jonathan Carr - CBRE
- Date of Transaction: 06/30/2026
Jeff Carr and Jonathan Carr represented both the buyer and seller in this transaction, showcasing their capability in facilitating real estate deals. The brokers have leveraged their expertise to successfully navigate this transaction in the evolving market conditions of Irvine.
On the Map
$5,795,000
$354/SF
Industrial
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Players
Irvine Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.74%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93