Updated May 12, 2025
Irvine Community Land Trust And USA Properties Acquire 4.9-Acre Site In Irvine For $26.5M
2400 Barranca Parkway
$26,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 10, 2025
About this deal
AI
The property involved in this transaction is a mixed-use redevelopment site located at 2400 Barranca Parkway in Irvine, covering an area of 4.9 acres. The sale price for the property was $26,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $26,500,000
- Buyer: Irvine Community Land Trust & USA Properties
- Seller: Yi “Jason” Zhu - Gemdale USA
- Seller's Representative: Gregory Harris, Joseph Grabiec, Kevin Green & Mark DeGiorgio - Institutional Property Advisors - Marcus & Millichap
- Buyer's Representative: Bob Patterson - Southern California Multihousing Group, Gus Villalba
- Market: Irvine
This transaction was facilitated by Institutional Property Advisors, with Kevin Green, Joseph Grabiec, Gregory Harris, and Mark DeGiorgio handling the representation for the seller. The buyer was represented by Bob Patterson and Gus Villalba from Southern California Multihousing Group.
On the Map
$26,500,000
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93