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
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