Updated Sep 2, 2026
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.
On the Map
Office
View full map
Players
Irvine Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Irvine office leases on Traded.
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