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.