Ledra Brands has acquired an industrial property located at 88 Maxwell, Irvine, CA, 92618, for $16.6 million. The property encompasses 55,285 square feet of building space and is situated on 3.7 acres within the Irvine Spectrum submarket of Orange County, California. The asset includes 14,684 square feet of office space and features four dock-high loading doors, 30-foot clear heights, and 125 parking spaces.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,600,000.00
• Address: 88 Maxwell, Irvine, CA, 92618
• Market: Irvine
• Seller: University Medical
• Buyer: Ledra Brands
• Seller's Representative: Gregg Haly - CBRE
• Buyer's Representatives: Ross Fippinger and Ross Bourne - CBRE

The transaction involved several key players, with Gregg Haly of CBRE representing the seller, University Medical. The buyer, Ledra Brands, was represented by Ross Fippinger and Ross Bourne, also from CBRE, facilitating the successful completion of the deal.