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58 Discovery, Irvine, CA, 9...

Irvine Company Acquires 58 Discovery Irvine CA 92618 From Seller Represented By Ed Hernandez
SOLDOffice

Irvine Company Acquires 58 Discovery Irvine CA 92618 From Seller Represented By Ed Hernandez

58 Discovery, Irvine, CA, 92618

Building Size

127,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is located at 58 Discovery, Irvine, CA, 92618. This asset is situated in the Irvine market and has a total square footage of 127,000. The sale transaction is significant within the local real estate landscape.

Summary of transaction details:

  • Property Type: sale
  • Transaction Amount: not specified
  • Address: 58 Discovery, Irvine, CA, 92618
  • Market: Irvine
  • Seller's Representative: Ed Hernandez
  • Buyer: Irvine Company
  • Square Footage: 127,000

Ed Hernandez represents the seller in this transaction while the buyer is represented by the Irvine Company. The deal highlights the involvement of these key parties in the real estate market within Irvine, CA.

Players

Ed Hernandez

Broker

$589.1M

vol

8 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Irvine Company
Irvine CompanyBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93