Updated Aug 6, 2025
Orange Bakery Acquires 54,088 SF Industrial Facility In Irvine For $30.7 Million From Randy Kendrick
17751 Cowan
$30,700,000
$567/SF
Building Size
54,088 SF
Asset Type
Industrial
Closing
Jul 28, 2025
About this deal
AI
Orange Bakery acquired a newly built industrial facility at 17751 Cowan Ave. in Irvine. The asset spans 54,088 square feet and was purchased for $30,700,000, equating to a price per square foot of approximately $568. The transaction reflects a strategic move by the buyer amid a softening industrial market in Orange County.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,700,000
- Buyer: Orange Bakery
- Seller: Randy Kendrick - Xebec Realty
- Broker: Sean Ahern - Lee & Associates
- Address: 17751 Cowan Ave, Irvine
- Square Footage: 54,088
- Price per Square Foot: $568
This transaction was facilitated by Sean Ahern from Lee & Associates, representing the buyer in this significant deal. The acquisition indicates strong demand for high-quality, purpose-built industrial assets, indicating a focused growth strategy by Orange Bakery in the current market conditions.
On the Map
$30,700,000
$567/SF
Industrial
View full map
Players
Irvine Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Randy Kendrick to view all their deals.
Browse Irvine industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93