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
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