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9701 Research Dr, Irvine, C...

Cohen Asset Management Acquires 46000 SF Property At 9701 Research Dr Irvine With Christopher Destino As Buyer's Rep
SOLDIndustrial

Cohen Asset Management Acquires 46000 SF Property At 9701 Research Dr Irvine With Christopher Destino As Buyer's Rep

9701 Research Dr, Irvine, CA, 92618

Building Size

46,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is an industrial distribution building located at 9701 Research Dr, Irvine, CA, 92618. The building has a total area of 46,000 square feet and is situated in the Irvine market. The price for the property has not been disclosed.

Summary of transaction details:

  • Property Type: Industrial Distribution Building
  • Transaction Amount: Undisclosed
  • Address: 9701 Research Dr, Irvine, CA, 92618
  • Market: Irvine
  • Buyer: Cohen Asset Management
  • Buyer's Representative: Christopher Destino-Lee & Associates
  • Seller: Undisclosed

Christopher Destino represented both the buyer, Cohen Asset Management, and the seller in the transaction. The involvement of Lee & Associates Orange illustrates their role in facilitating the sale of this property.

Players

Christoher J. Destino

Lee & Associates

Broker

$20.2M

vol

4 deals

Broker
Charles Cohen

Charles Cohen

Cohen Asset Management

Buyer

$1.1B

vol

23 deals

Buyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93