EBS Realty Partners Acquires 6.7 Acre Industrial Property In Irvine For $24M
SOLD
$24,000,000
California
See Similar DealsIndustrial274 SF
Sold 01/10/2023
SOLD
EBS Realty Partners Acquires 6.7 Acre Industrial Property In Irvine For $24M
19 Hughes, Irvine, California 92618, United States
See Similar DealsIndustrial274 SF
Sold 01/10/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$87,591
Total Square Footage:274 SF
Transaction Type:Sale
Located at 19 Hughes Avenue, in Irvine, this industrial property covers an impressive 6.7 acres. The transaction took place on 01/10/2023, with the property being sold by Teva to EBS Realty Partners and Penwood Real Estate Investment Management. The asset consists of 274,000 square feet, with a sale price of $24,000,000, resulting in a price per square foot of $88.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Market: Irvine
- ACRES: 6.7
EBS Realty Partners, represented by Patrick Remolacio, along with Penwood Real Estate Investment Management, acquired this industrial property from Teva. Patrick Remolacio acted as the buyer's representative in this deal, which showcases their expertise in the market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
Is there something missing? Send suggestions