MP Biomedicals Acquires Industrial Property In Irvine, CA For $11M With Buyer's Rep Steve Liu & Andrew Batcheller - NAI Capital Commercial
6 Thomas, Irvine, California 92618, United States
$11,000,000
$366/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Sep 26, 2022
AI
An industrial property located at 6 Thomas in Irvine, CA has been sold for $11,000,000. The property spans across 1.5 acres and offers a total of 30,000 square feet of space. The price per square foot for this transaction is $367. The sale took place on September 27, 2022, with MP Biomedicals, LLC acquiring the property from Alexandria Real Estate Equities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 6 Thomas, Irvine, CA
- Market: Irvine, CA
- Acres: 1.5
The buyer for this transaction, MP Biomedicals, LLC, was represented by Steve Liu & Andrew Batcheller from NAI Capital Commercial. On the other hand, the seller, Alexandria Real Estate Equities, was represented by CBRE.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93