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17631 Fitch

CBRE Brokers Sell Irvine Office Building For $4.5M
SOLDOffice

CBRE Brokers Sell Irvine Office Building For $4.5M

17631 Fitch

$4,500,000

$496/SF

Building Size

9,073 SF

Asset Type

Office

Closing

Nov 6, 2023

AI

A local law firm purchased a 9,073-square-foot office building located at 17631 Fitch in Irvine for $4.5 million. The transaction was facilitated by CBRE's Investment Properties team. The property is situated in the desirable Greater Airport Area, which offers growth potential and convenient access to major highways.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,500,000
  • Square Footage: 9,073
  • Price per Square Foot: $496
  • Address: 17631 Fitch, Irvine
  • Market: Irvine

Anthony DeLorenzo, Bryan Johnson, Nick Williams, and Ross Bourne from CBRE served as the brokers representing the law firm in this transaction.

Players

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93