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
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