Updated Oct 12, 2026
City Of Hope Acquires Office/Dev. Site In Irvine For $108M
15161 Alton Parkway, Irvine, CA, USA
$108,000,000
$568/SF
Building Size
190,000 SF
Asset Type
Mixed-use
Closing
May 27, 2020
About this deal
AI
The City of Hope has acquired an office and development site in Irvine, California. Located at 15161 Alton Parkway, the property spans a total of 190,000 square feet of office space and has a development potential of 479,160 square feet. The transaction was completed on May 28, 2020, and the property was sold by Five Point Holdings LLC. The sale price for the property was $108,000,000.
Summary of transaction details
- Property Type: Office / Dev. Site
- Transaction Amount: $108,000,000
- Address: 15161 Alton Parkway, Irvine
- Office Space: 190,000 square feet
- Development Site Potential: 479,160 square feet
Annette Walker, representing the City of Hope, facilitated the acquisition on behalf of the buyer. The seller in the transaction was Five Point Holdings LLC.
On the Map
$108,000,000
$568/SF
Mixed-use
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Players
Irvine Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93