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Pacific Tree Capital Acquires Office Property From J&R Group For $37.6 Million In Irvine

Property Image
SOLD
$37,600,000
Nico Napolitano
Danny Li
+ 3

California

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Office143,269 SF
Sold 02/20/2025
the dealplayerscompscontact
Property Image
SOLD

Pacific Tree Capital Acquires Office Property From J&R Group For $37.6 Million In Irvine

2525 Main Street

See Similar Deals
Office143,269 SF
Sold 02/20/2025
Nico Napolitano
Danny Li
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$262
Total Square Footage:143,269 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 2525 Main Street in Irvine, categorized as an office space. The sale was completed for a total of $37,600,000, encompassing a total square footage of 143,269, resulting in a price per square foot of $262.

Summary of transation details:

This transaction highlights the involvement of various individuals and firms. The buyer, Pacific Tree Capital, was represented by Danny Li of Compass. The seller, J+R Group, had a team of representatives from Cushman & Wakefield, including Jeffrey Cole, Nico Napolitano, Kevin Nolen, Jason Kimmel, and Kristen Schottmiller, facilitating the deal.

Players

3 deals$506M volume
BROKER

Danny Li
3 deals$506M volume
BROKER


Jason Kimmel
Cushman & Wakefield
3 deals$86.1M volume
BROKER

Jeffrey (Jeff) Cole
Cushman & Wakefield
22 deals$1.9B volume
BROKER

Kevin Nolen
Cushman & Wakefield
2 deals$74.1M volume(858) 546-5487
BROKER


Compass
BROKERAGE

Details

SOLD
IMAGE: Jeffrey Cole, Nico Napolitano, Kevin Nolen, Kristen Schottmiller & Danny Li DATE: 02/20/2025 ADDRESS: 2525 Main Street MARKET: Irvine ASSET TYPE: Office BUYER: Pacific Tree Capital SELLER: J+R Group BUYER'S REP: Danny Li - Compass SELLER'S REP: Jeffrey Cole, Nico Napolitano (@NicoNapolitano) , Kevin Nolen, Jason Kimmel & Kristen Schottmiller (@Kristen_Schotty) - Cushman & Wakefield (@CushWake) SALE PRICE: $37,600,000 SF: 143,269 ~ PPSF: $262

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,005,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$133,584.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$178,243.18
Annual Debt Service$2,138,918.19