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2485 Mccabe Way

Bassman-Blaine Holdings LLC Sells Office Building In Irvine For $11.2M With Compass As Buyer's Rep
SOLDOffice

Bassman-Blaine Holdings LLC Sells Office Building In Irvine For $11.2M With Compass As Buyer's Rep

2485 Mccabe Way

$11,200,000

$539/SF

Building Size

20,772 SF

Asset Type

Office

Closing

Feb 2, 2024

AI

Bassman-Blaine Holdings LLC recently sold a 20,772-square-foot office building located at 2485 Mccabe Way in Irvine. The property was sold to DTMM Properties for a total of $11.2 million, resulting in a price per square foot of $539. This office building offers amenities such as a gym and upscale finishes, making it an attractive investment opportunity in the Irvine market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $11,200,000
  • Square Footage: 20,772
  • Address: 2485 Mccabe Way
  • Market: Irvine

The seller, Ken Bassman, represented by Bassman-Blaine Holdings LLC, and the buyer's representatives, Aspen Labrador and Kacey Taormina from Compass, were the key individuals involved in this transaction. On the seller's side, Allen Basso, Eric Darnell, and Kylee King from Lee & Associates provided representation during the deal. This sale showcases the collaboration between these parties, with Lee & Associates Irvine acting as the seller's representative and Compass representing the buyer.

NOTE: Bassman-Blaine Holdings LLC sold this office building through Lee & Associates Irvine, while the buyer was represented by Compass. The property's amenities, such as the gym and upscale finishes, contributed to its appeal.

Players

Allen Basso

Lee & Associates

Broker

$11.2M

vol

2 deals

Broker

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

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93