SOLD
Rexford Industrial Realty Acquires Office Property In Irvine For $40M
16752 Armstrong Avenue
Office
82 SF
82 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Office
82 sqft
Rexford Industrial Realty has acquired a 6.5-acre office property located at 16752 Armstrong Ave in Irvine. The transaction was completed on January 11, 2023, with Griffin Realty Trust acting as the seller. The property spans across 82,645 square feet and was sold for a total price of $40,000,000, resulting in a price per square foot of $484.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $40,000,000
- Square Footage: 82,645
- Address: 16752 Armstrong Ave, Irvine
- Market: Irvine
The deal was facilitated by the brokerage team consisting of Kevin Shannon, Paul Jones, Bret Hardy, Ken White, and Brandon White from Newmark, who represented both the buyer, Rexford Industrial Realty, and the seller, Griffin Realty Trust.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Paul Jones, Kevin Shannon, Bret Hardy, Brandon White & Ken White
DATE: 01/11/2023
ADDRESS: 16752 Armstrong Ave
MARKET: Irvine
ASSET TYPE: Office ~ ACRES: 6.5
BUYER: Rexford Industrial Realty (@Rexford_Industrial)
SELLER: Griffin Realty Trust
BROKERS: Kevin Shannon, Paul Jones, Bret Hardy, Ken White & Brandon White - Newmark (@Newmark)
SALE PRICE: $40,000,000
SF: 82,645 ~ PPSF: $484View on map
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Address16752 Armstrong Avenue
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