Updated Oct 29, 2024
IRA Capital Acquires Office Property In Aliso Viejo For $73.5M
26600 Aliso Viejo Pkwy, Aliso Viejo, CA 92656, USA
$73,500,000
$45/SF
Building Size
1,600,000 SF
Asset Type
Office
Closing
Jun 15, 2020
About this deal
AI
The office property located at 26600, 26650, 26700 Aliso Viejo Parkway in Aliso Viejo has been sold in a transaction valued at $73,500,000. The property spans across 160,000 square feet and has a price per square foot of $459.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $73,500,000
- Address: 26600, 26650, 26700 Aliso Viejo Parkway
- Market: Aliso Viejo
- Size: 160,000 sq ft
- Price per Square Foot: $459
The buyer in this transaction was IRA Capital, while the sellers were CrossHarbor Capital Partners and Waterford Property Company, represented by John Drachman. The deal was facilitated by brokers Kevin Shannon, Paul Jones, Ken White, Byron Foss, and Nick Carey.
Players
Aliso Viejo 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93