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15231 Laguna Canyon Road

WSP USA Inc Leases 24400 Square Feet Office Space At Discovery Business Center In Irvine
LEASEDOffice

WSP USA Inc Leases 24400 Square Feet Office Space At Discovery Business Center In Irvine

15231 Laguna Canyon Road

Building Size

24,400 SF

Asset Type

Office

Closing

Mar 30, 2026

AI

The asset involved in this transaction is an office space located at 15231 Laguna Canyon Road in Irvine, covering an area of 24,400 square feet. The property is situated in a market that is currently reflecting strong demand for premium office space among professional services companies in Southern California.

Summary of transaction details:

This lease agreement was executed by WSP USA, which is expanding its Orange County footprint to better serve its West Coast clients in the sectors of infrastructure, energy, and environmental engineering. The growth of WSP USA is intended to enhance collaborative design, project management, and client delivery.

Players

Donald Bren

Irvine Company

Landlord

$910.1M

vol

25 deals

Landlord

Joseph Sczurko

WSP USA Inc

Tenant

1 deal

Tenant

Irvine Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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