Updated Oct 25, 2024
Bin Liu Acquires Office Building In Irvine For $6.5M
17991 Mitchell South
$6,525,000
$356/SF
Building Size
18,331 SF
Asset Type
Office
Closing
Jan 31, 2023
About this deal
AI
The office building located at 17991 Mitchell South in Irvine has been sold in a recent transaction. The property spans 18,331 square feet and was sold for a price of $6,525,000. The sale price equates to approximately $356 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,525,000
- Address: 17991 Mitchell South, Irvine
- Market: Irvine
- Buyer: Bin Liu
- Seller: Garry Edelman
- Broker: Geoffery Huang - Agency not provided
The buyer in this transaction is Bin Liu, while Garry Edelman is the seller. Representing the deal is Geoffery Huang from an undisclosed agency.
Players
Market 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
2.43%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93