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7 Corporate Park, Irvine, C...

Updated Oct 28, 2024

Bilt advertisement
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

About this deal

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.

The office sale at 7 Corporate Park, Irvine, California 92606, United States in Irvine, California sold for $15.6M in 2022. The building is 37,177 square feet, implying about 419 per square foot on the published price. Liam Ogburn, Paul Jones, Kevin Shannon, Brandon White appear on the sale alongside Colliers, Newmark. This page is the Irvine, California file for the 7 Corporate Park, Irvine, California 92606, United States office sold: pricing, party profiles, and other closed office comps from the same Irvine sit in the Market section below. Filter that Irvine office set by closing date to see what else sold near 7 Corporate Park, Irvine, California 92606, United States around 2022. Published consideration for 7 Corporate Park, Irvine, California 92606, United States is $15.6M, dated 2022. Cite this Kelemen Company Sells 7 Corporate Park Office In Irvine For $15.6M sale when underwriting similar office product around Irvine, California.

Players

Brandon White

Newmark

Broker

$901.6M

vol

19 deals

Broker

Irvine Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $419 per square foot on a published $15.6M for 37,177 square feet (2022).

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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

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