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
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93