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1 Wrigley

Alina & Sorin Chis Acquire Industrial Property At 1 Wrigley Irvine For $5.795M
SOLDIndustrial

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

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:

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.

Players

Jeff Carr

CBRE

Broker

$52M

vol

3 deals

Broker

Alina Chis

Buyer

$5.8M

vol

1 deal

Buyer

Ryan Rieches

Seller

$5.8M

vol

1 deal

Seller

Irvine Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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