Updated May 12, 2025
Joe C. Wen Acquires Office At 5000 Birch Street Newport Beach With Broker Mark DeGiorgio
5000 Birch Street
Building Size
310,553 SF
Asset Type
Office
Closing
Apr 7, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 5000 Birch Street, Newport Beach. This asset encompasses a total square footage of 310,553. The transaction occurred on April 7, 2025.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 5000 Birch Street
- Market: Newport Beach
- Square Footage: 310,553
- Buyer: Joe C. Wen
- Broker: Mark DeGiorgio - Property Advisors, a division of Marcus & Millichap
This transaction involved Joe C. Wen as the buyer, who engaged in the purchase through broker Mark DeGiorgio, representing the buyer from Property Advisors, a division of Marcus & Millichap.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93