Updated Oct 29, 2024
Dayani Partners Acquires Office Building In Irvine For $25.4M
16842 Von Karman Avenue, Irvine, CA, USA
$25,400,000
$251/SF
Building Size
101,161 SF
Asset Type
Office
Closing
Jan 23, 2020
About this deal
AI
The office property located at 16842 Von Karman Avenue in Irvine was recently sold for a total price of $25,400,000. This transaction took place on January 24, 2020. The property spans across 101,161 square feet, resulting in a price per square foot of $251. The buyer of the property was Dayani Partners, represented by Hooman Dayani. On the other hand, the seller of the property was KBS Growth & Income REIT Inc., with Tim Helgeson and Rod Richerson as the representatives.
Summary of transation details
- Property Type: Office
- Transaction Amount: $25,400,000
- Date: January 24, 2020
- Address: 16842 Von Karman Avenue, Irvine
- Market: Irvine
- Square Footage: 101,161
- Price per Square Foot: $251
The deal was facilitated by Morgan Lieber from A Street Partners and Anthony DeLorenzo, as well as Gary Stache from CBRE.
On the Map
$25,400,000
$251/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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93