Updated Mar 19, 2025
Sean Burton Of CityView Acquires Office At 19700 Fairchild Road In Irvine For $34.5M
19700 Fairchild Road
$34,500,000
$305/SF
Building Size
112,938 SF
Asset Type
Office
Closing
Mar 12, 2025
About this deal
AI
The property asset involved in the transaction is an office located at 19700 Fairchild Road in the Irvine market. It was sold for a price of $34,500,000.00 and has a total square footage of 112,938.0.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,500,000.00
- Address: 19700 Fairchild Road
- Market: Irvine
- Square Footage: 112,938.0
- Buyer: Sean Burton - CityView
- Seller: Josh Baumgarten & Adam Schwartz - Angelo Gordon
The transaction was facilitated by Sean Burton, who represented CityView as the buyer, while the sellers, Josh Baumgarten and Adam Schwartz, were represented by Angelo Gordon in the deal.
On the Map
$34,500,000
$305/SF
Office
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Players
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93