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3 Morgan

Updated Sep 2, 2026

Donald Bren Of Irvine Company Leases Office Space To Ali Agha Of FieldAI At 3 Morgan
LEASEDOffice

Donald Bren Of Irvine Company Leases Office Space To Ali Agha Of FieldAI At 3 Morgan

3 Morgan

Building Size

41,400 SF

Asset Type

Office

Closing

Aug 26, 2026

About this deal

AI

The property asset involved in this transaction is an office space located at 3 Morgan in Irvine, California. The asset encompasses a total square footage of 41,400, and it is part of the Irvine Company portfolio. This leasing deal reflects the trend in the market as technology companies significantly increased their demand for office space during fiscal 2026.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3 Morgan
  • Market: Irvine, CA
  • Square Footage: 41,400
  • Landlord: Donald Bren - Irvine Company
  • Tenant: Ali Agha - FieldAI

Key individuals in this transaction include Donald Bren, who represents the Irvine Company as the landlord, and Ali Agha, who represents FieldAI as the tenant. FieldAI is a robotics and physical-AI startup valued at approximately $2 billion, marking its expansion with this lease agreement.

Players

Donald Bren

Irvine Company

Landlord

$942.6M

vol

37 deals

Landlord

Ali Agha

FieldAI

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

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