Updated Dec 23, 2025
Skyline Group International Acquires Office Property In Irvine From LBA Realty For $159M
3 Glen Bell Way, Irvine, CA 92618
$159,000,000
$582/SF
Building Size
273,180 SF
Asset Type
Office
Closing
Sep 1, 2021
About this deal
AI
The property asset involved in this transaction is an office located at 1, 3 & 5 Glen Bell Way in Irvine. The property spans approximately 273,180 square feet and was sold for a total price of $159,000,000, resulting in a price per square foot of $582. The transaction took place on September 1, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $159,000,000
- Address: 1, 3 & 5 Glen Bell Way, Irvine
- Market: Irvine
The buyer in this transaction is Skyline Group International, represented by Alex Foshay from Newmark. The seller of the property is LBA Realty. The buyer's representative is Alex Foshay, while the seller's representatives are Kevin Shannon, Paul Jones, Ken White, Brunson Howard, and Brandon White, all from Newmark.
On the Map
$159,000,000
$582/SF
Office
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Players
Irvine Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93