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6 Thomas, Irvine, Californi...

MP Biomedicals Acquires Industrial Property In Irvine, CA For $11M With Buyer's Rep Steve Liu & Andrew Batcheller - NAI Capital Commercial
SOLDIndustrial

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

Steve Liu

NAI Global

Broker

$69.7M

vol

5 deals

Broker
ML
MP Biomedicals, LLCBuyer
RE
Real Estate EquitiesSeller

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