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Ben Julianel Of Navigators Advisory Group Acquires Office Building At 9890 Irvine Center Drive For $2.6M
SOLD
California
See Similar DealsOffice4,950 SF
Sold 01/09/2025
SOLD
Ben Julianel Of Navigators Advisory Group Acquires Office Building At 9890 Irvine Center Drive For $2.6M
9890 Irvine Center Drive
See Similar DealsOffice4,950 SF
Sold 01/09/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$525
Total Square Footage:4,950 SF
Transaction Type:Sale
The transaction involved a 4,950 sq. ft. office building located at 9890 Irvine Center Drive, situated in Irvine, California. The property was sold for $2,600,000, translating to a price per square foot of $525.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 9890 Irvine Center Drive
- Market: Irvine
- Buyer: Ben Julianel - Navigators Advisory Group
- Seller: Tory Hazard - ICD Equities
- Buyer’s Representative: Blake Garrett - The Reef Group
- Seller’s Representatives: Jeff Carr & Jonathan Carr - CBRE
- Square Footage: 4,950
- Price per Square Foot: $525
CBRE facilitated the sale, marking a significant transaction in the office market. The roles of the representatives were crucial, with Jeff Carr and Jonathan Carr representing the seller, while Blake Garrett represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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