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17772 Irvine Blvd, Tustin, ...

Golden Top Acquires Office Building In Tustin For $3.2M
SOLDOffice

Golden Top Acquires Office Building In Tustin For $3.2M

17772 Irvine Blvd, Tustin, CA 92780, USA

$3,200,000

$200/SF

Building Size

16,000 SF

Asset Type

Office

Closing

May 4, 2020

AI

Golden Top has acquired an office property located at 17772 Irvine Blvd in Tustin. The property spans 16,000 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $200. The transaction took place on 05/05/2020.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,200,000
  • Address: 17772 Irvine Blvd, Tustin
  • Square Footage: 16,000
  • Price per Square Foot: $200

The brokerage firm NAI Capital, represented by Steven Ehrich and John Bosko, assisted in the transaction between Golden Top and the seller, R&B Investment.

Players

John Bosko

NAI Global

Broker

$3.2M

vol

1 deal

Broker

Tustin 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93