facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Lease

/

260 Progress

Ron McMackin And Reed McMackin Of Pan-Pacific Mechanical Lease 44,430 SF Office From Donald Bren
LEASEDOffice

Ron McMackin And Reed McMackin Of Pan-Pacific Mechanical Lease 44,430 SF Office From Donald Bren

260 Progress

Building Size

44,430 SF

Asset Type

Office

Closing

May 6, 2026

AI

The property involved in this transaction is an office asset located at 260 Progress in Irvine, CA, featuring a square footage of 44,430. This asset is situated within the Innovation Office Park, a notable area in Orange County known for its amenity-rich and well-located campuses.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 260 Progress
  • Market: Irvine, CA
  • Asset Size: 44,430 SF
  • Tenant: Ron McMackin & Reed McMackin - Pan-Pacific Mechanical
  • Landlords: Donald Bren - Irvine Company

Ron McMackin and Reed McMackin, representing Pan-Pacific Mechanical, are key figures in this lease agreement, which marks a significant expansion from their previous location in Fountain Valley. The landlords, Donald Bren of the Irvine Company, are instrumental in facilitating this lease, contributing to the ongoing demand for office spaces in the Irvine Spectrum area.

Players

Donald Bren

Irvine Company

Landlord

$942.6M

vol

29 deals

Landlord

Irvine Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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