Updated Apr 15, 2026
The Regents Of The University Of California Expands Lease To 53,794 SF At 111 Theory In Irvine
111 Theory
Building Size
53,794 SF
Asset Type
Office
Closing
Apr 6, 2026
About this deal
AI
This property asset is an office located at 111 Theory Drive in Irvine, with a total square footage of 53,794. The asset is situated within the Airport Area of Irvine.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: The Regents of the University of California
- Lease Date: 04/06/2026
- Market: Irvine
- Availability in Submarket: 19.2%
- Overall Orange County Office Market: 19.1%
The Regents of the University of California renewed and expanded its lease, increasing its occupancy at the office space. The market conditions indicated declining sublease space and limited new supply, providing context for the lease decision.
On the Map
Office
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Players
Irvine Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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