facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

16150 Scientific Way

E&N Highpoint LLC Acquires Irvine Office Building For $3.21M
SOLDOffice

E&N Highpoint LLC Acquires Irvine Office Building For $3.21M

16150 Scientific Way

$3,210,000

$520/SF

Building Size

6,171 SF

Asset Type

Office

Closing

Dec 27, 2023

AI

E&N Highpoint LLC, an international apparel company, has acquired a 6,171-square-foot flex/R&D building in Irvine, California for $3.21 million. The property is located at 16150 Scientific Way in the Irvine market. The purchase price per square foot stands at $520.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,210,000

This transaction was facilitated by JLL on behalf of E&N Highpoint LLC. Xavier Nolasco from JLL represented the seller, Ateck Holding LLC. Voit Commercial acted as the buyer's representative in this deal.

E&N Highpoint LLC plans to utilize the acquired property as its US corporate headquarters, research, and design center.

Players

Xavier Nolasco

JLL

Broker

$75.2M

vol

6 deals

Broker

Irvine Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.94%

Cash-on-Cash

-1.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93