facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

2495 Campus Drive, Irvine, ...

Santa Ana Unified School District Purchases Office Building In Irvine For $7.8M
SOLDOffice

Santa Ana Unified School District Purchases Office Building In Irvine For $7.8M

2495 Campus Drive, Irvine, CA, USA

$7,847,575

$445/SF

Building Size

17,635 SF

Asset Type

Office

Closing

Jan 17, 2019

AI

An office building located at 2495 Campus Dr. in Irvine has been sold in a transaction that closed on January 18, 2019. The property, spanning 17,635 square feet, was purchased for a total price of $7,847,575, resulting in a price per square foot of $445. The buyer in this transaction was the Santa Ana Unified School District, while the seller was 2495 Investments LLC. The deal was facilitated by John Collins, Gary McArdell, and Jack Haley of Lee & Associates.

Summary of transaction details:

  • Property Type: Office building
  • Transaction Amount: $7,847,575
  • Size: 17,635 square feet
  • Price per Square Foot: $445
  • Address: 2495 Campus Dr., Irvine
  • Market: Irvine

The involvement of John Collins, Gary McArdell, and Jack Haley from Lee & Associates as brokers highlights the role they played in representing both the buyer and the seller in this office building transaction.

Players

John Collins

Lee & Associates

Broker

$10.6M

vol

4 deals

Broker

Irvine Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93