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17100 Laguna Canyon Road

Updated Dec 4, 2024

Boot Barn Holdings Expands HQ In Irvine With 116,000 SF Lease At Spectrum Terrace, Laguna Canyon Road
LEASEDOffice

Boot Barn Holdings Expands HQ In Irvine With 116,000 SF Lease At Spectrum Terrace, Laguna Canyon Road

17100 Laguna Canyon Road

Building Size

116,000 SF

Asset Type

Office

Closing

Sep 28, 2023

About this deal

AI

The western-wear and workwear retailer, Boot Barn Holdings, is relocating its headquarters to a larger 116,000-square-foot space in Irvine at Spectrum Terrace on Laguna Canyon Road. This new office space represents a 37% increase in size compared to the company's current location. The property, owned by Irvine Company and represented by Donald Bren, offers access to various amenities, including a resort-style pool, food hall, and fitness center.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 116,000 SF
  • Address: 17100 Laguna Canyon Road, Irvine
  • Market: Irvine

Boot Barn Holdings' decision to move to a larger office space comes as the company has experienced substantial growth. With annual net sales surpassing $1.7 billion this fiscal year, the expansion reflects their need for more space to accommodate their expanding business operations. This move allows Boot Barn Holdings, represented by Jim Conroy, to establish its headquarters in a prime location in Irvine, providing convenient access to the amenities offered at Spectrum Terrace.

Players

Donald Bren

Irvine Company

Landlord

$942.6M

vol

31 deals

Landlord

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

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