A 26,481-square-foot office building located at 18012 Cowan in Irvine’s Airport submarket has been acquired for $9,175,000. The two-story building, originally constructed in 1985 and renovated, offers high-end creative finishes, subterranean parking, and four second-floor patios. It is strategically positioned near John Wayne Airport and major freeways, with a price per square foot of $346.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,175,000
• Square Footage: 26,481
• Address: 18012 Cowan
• Market: Irvine
• Buyer's Representative: John Manion - NAI Capital Commercial
• Seller's Representatives: Brian Garbutt & Alejandro Sherratt - Lee & Associates

John Manion from NAI Capital Commercial represented a private investor in this transaction, while the seller was represented by Brian Garbutt and Alejandro Sherratt from Lee & Associates. This transaction reflects strategic engagement in the commercial property market, particularly in a location advantageous for access to transportation and key amenities.