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17771 Cowan

Charles Smith Acquires Office Asset At 17771 Cowan Irvine For $9.18M With Steven Saunders As Buyer's Rep
SOLDOffice

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

Steven Saunders

CBRE

Broker

$72.9M

vol

4 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

1.73%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93