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
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