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

Property Image
SOLD
$3,210,000

California

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Office6,171 SF
Sold 12/27/2023
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Property Image
SOLD

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

16150 Scientific Way

See Similar Deals
Office6,171 SF
Sold 12/27/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$520
Total Square Footage:6,171 SF
Transaction Type:Sale

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
Xavier Nolasco
6 deals$75.2M volume
BROKER

Details

SOLD
IMAGE: Xavier Nolasco DATE: 12/27/2023 ADDRESS: 16150 Scientific Way MARKET: Irvine ASSET TYPE: Office BUYER: E&N Highpoint LLC SELLER: Ateck Holding LLC BUYER'S REP: Voit Commercial SELLER'S REP: Xavier Nolasco - JLL (@JLL) SALE PRICE: $3,210,000 SF: 6,171 ~ PPSF: $520 NOTE: 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 will serve as the company's US corporate headquarters, research, and design center, with JLL facilitating the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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