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CBRE Global Investors Acquires Mixed-Use Property In Irvine For $180.8M

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SOLD
$180,800,000

California

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Mixed-use393,673 SF
Sold 06/17/2020
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SOLD

CBRE Global Investors Acquires Mixed-Use Property In Irvine For $180.8M

3720 Barranca Parkway, Irvine, California 92606, United States

See Similar Deals
Mixed-use393,673 SF
Sold 06/17/2020
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$459
Total Square Footage:393,673 SF
Transaction Type:Sale

The mixed-use property located at 3720-3996 Barranca Pkwy was recently sold in Irvine. The transaction took place on June 17, 2021. The property, spanning a total area of 393,673 square feet, was sold for a price of $180,800,000, resulting in a price per square foot of $456. The buyer of the property was CBRE Global Investors, while Menlo Equities acted as the seller.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $180,800,000
  • Square Footage: 393,673
  • Price per Square Foot: $456
  • Date of Transaction: June 17, 2021
  • Market: Irvine
  • Buyer: CBRE Global Investors
  • Seller: Menlo Equities

The sale of this mixed-use property in Irvine involved CBRE Global Investors as the buyer and Menlo Equities as the seller. The transaction was finalized on June 17, 2021, with a sale price of $180,800,000 and a total area of 393,673 square feet. This successful deal showcases the activity and growth in the real estate market of Irvine.

Players

BUYER

Details

SOLD
IMAGE: Rick Holmstrom & Chuck Leitner DATE: 06/17/2021 ADDRESS: 3720-3996 Barranca Pkwy. MARKET: Irvine ASSET TYPE: Mixed-use BUYER: CBRE Global Investors SELLER: Menlo Equities SALE PRICE: $180,800,000 SF: 393,673 ~ PPSF: $456

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