Updated Oct 29, 2026
LEASEDOffice
City Of Irvine Leases 24,836 Square Feet At 510 Technology Drive From Donald Bren
510 Technology Drive
Building Size
24,836 SF
Asset Type
Office
Closing
Oct 24, 2026
About this deal
AI
The lease involves an office asset located at 510 Technology Drive in Irvine, CA. The space encompasses 24,836 square feet, designed to support the Center of Innovation and Entrepreneurship, which will facilitate coworking, lab space, and funding support for startups.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 510 Technology Drive
- Market: Irvine, CA
- Landlord: Donald Bren - Irvine Company
- Tenant: The City of Irvine
- Expected Opening: Second quarter of 2027
- Investment Backing: $7.7 million
The City of Irvine has signed the lease to house its new initiative aimed at supporting startups and fostering local job growth within the community. Donald Bren from the Irvine Company represents the landlord in this transaction.
On the Map
Office
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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