Newmark Brokers Lease For Guardian Litigation Group At 17838-17850 Irvine Ave
17838 Irvine Avenue & 17850 Irvine Avenue
Building Size
30,892 SF
Asset Type
Office
Closing
Nov 14, 2023
AI
The office property located at 17838-17850 Irvine Avenue in Newport Beach has been leased. The property spans a total of 15,446 square feet, offering ample space for business operations.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not applicable in the case of a lease
- Address: 17838-17850 Irvine Avenue, Newport Beach
- Market: Newport Beach
The landlord in this lease transaction is CheckerProp, represented by Terence Scheckter. On the other side, the tenant is Guardian Litigation Group, represented by John T. Greenway. The deal was facilitated by brokers Craig Kish, Richard Sung, and Greg Puccinelli from Newmark.
Players
Newport Beach 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