Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
View full map
Players
Irvine Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse California industrial sales on Traded.
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