SOLD
Wilshire Capital Partners Sells Vacant Irvine Office Building For $16.9M
17900 Von Karman Avenue
Office
70,964 SF
70,964 SF
Sold 330 days ago
Summary
Sale
CALIFORNIA
Office
70,964 sqft
Wilshire Capital Partners has sold a vacant, Class A office building in Irvine's Business District for $16.9 million to an owner-user. The property, located at 17900 Von Karman Avenue, spans 70,964 square feet. CBRE represented the seller, and the transaction involved brokers Anthony DeLorenzo, Gary Stache, Bryan Johnson, David Dowd, and Jennifer Whittington from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,900,000
- Address: 17900 Von Karman Avenue
- Market: Irvine
The sale of this vacant office building marks an important transaction in Irvine's Business District. The building's new owner plans to undergo renovations before occupying the space. With the assistance of CBRE and its brokers, the seller, Wilshire Capital Partners, successfully closed the deal, showcasing the demand for prime office assets in the area.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Bryan Johnson, Jennifer Whittington, David Dowd, Anthony DeLorenzo & Gary Stache
DATE: 06/05/2023
ADDRESS: 17900 Von Karman Avenue
MARKET: Irvine
ASSET TYPE: Office
SELLER: Wilshire Capital Partners
BROKERS: Anthony DeLorenzo (@AnthonyDelorenzo), Gary Stache, Bryan Johnson (@CallMeBryanJ), David Dowd & Jennifer Whittington - CBRE (@CBRE)
SALE PRICE: $16,900,000
SF: 70,964 ~ PPSF: $238
NOTE: Wilshire Capital Partners has sold a vacant, Class A office building in Irvine's Business District for $16.9 million to an owner-user. Located at 17900 Von Karman, the 70,964-square-foot building will undergo renovations before the new owner occupies it. CBRE represented the seller in the transaction.View on map
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Address17900 Von Karman Avenue
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