facebook
Traded Co logo
Submit
Daily limit: 0/10

Sean Burton Of CityView Acquires Office At 19700 Fairchild Road In Irvine For $34.5M

Property Image
SOLD
$34,500,000
JB
Sean Burton

California

See Similar Deals
Office112,938 SF
Sold 03/12/2025
the dealplayerscompscontact
Property Image
SOLD

Sean Burton Of CityView Acquires Office At 19700 Fairchild Road In Irvine For $34.5M

19700 Fairchild Road

See Similar Deals
Office112,938 SF
Sold 03/12/2025
JB
Sean Burton
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$305
Total Square Footage:112,938 SF
Transaction Type:Sale

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.

Players

Sean Burton
Sean Burton
7 deals$482M volume
BUYER

Details

SOLD
IMAGE: Sean Burton, Josh Baumgarten & Adam Schwartz DATE: 03/12/2025 ADDRESS: 19600 & 19700 Fairchild Road MARKET: Irvine ASSET TYPE: Office ~ ACRES: 6.23 BUYER: Sean Burton - CityView SELLER: Josh Baumgarten & Adam Schwartz - Angelo Gordon SALE PRICE: $34,500,000 SF: 112,938 ~ PPSF: $305 NOTE: CityView has acquired the 112,938-square-foot Newport Summit Office Campus in Irvine for $34.5 million, an 11.5% decline from its 2018 sale price of $39 million. The two-building property, which was over 80% occupied at the time of listing, had been marketed for potential medical office conversion or owner-user occupancy.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,840,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$122,571.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$163,547.60
Annual Debt Service$1,962,571.21