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7 Corporate Park, Irvine, C...

Kelemen Company Sells 7 Corporate Park Office In Irvine For $15.6M
SOLDOffice

Kelemen Company Sells 7 Corporate Park Office In Irvine For $15.6M

7 Corporate Park, Irvine, California 92606, United States

$15,600,000

$419/SF

Building Size

37,177 SF

Asset Type

Office

Closing

Feb 28, 2022

AI

A 37,177 square feet office asset located at 7 Corporate Park in Irvine has been sold for $15,600,000. The property was sold by Kelemen Company in a recent transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,600,000
  • Address: 7 Corporate Park, Irvine
  • Market: Irvine

The sellers of the property, Kelemen Company, were represented by Paul Jones, Kevin Shannon, Brandon White, Liam Ogburn, Sean Fulp, Ryan Plummer, and Mark Schuessler.

Players

Brandon White

Newmark

Broker

$901.6M

vol

19 deals

Broker

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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93