Charles Smith Acquires Office Asset At 17771 Cowan Irvine For $9.18M With Steven Saunders As Buyer's Rep
17771 Cowan
$9,178,975
$269/SF
Building Size
34,097 SF
Asset Type
Office
Closing
Oct 5, 2024
AI
The property involved in the transaction is an office asset located at 17771 Cowan, Irvine. The sale price was $9,178,975 for a total square footage of 34,097, resulting in a price per square foot of $269.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,178,975
- Address: 17771 Cowan
- Market: Irvine
- Square Footage: 34,097
- Price Per Square Foot: $269
- Buyer: Charles Smith
- Seller: Circle Vision
- Buyer’s Representative: Steven Saunders - CBRE
- Seller’s Representative: Brian Garbutt - Lee & Associates
The deal was facilitated by Steven Saunders, representing the buyer, Charles Smith, and Brian Garbutt, representing the seller, Circle Vision. These representatives played key roles in the successful completion of the transaction.
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
1.73%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93