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9890 Irvine Center Drive

Ben Julianel Of Navigators Advisory Group Acquires Office Building At 9890 Irvine Center Drive For $2.6M
SOLDOffice

Ben Julianel Of Navigators Advisory Group Acquires Office Building At 9890 Irvine Center Drive For $2.6M

9890 Irvine Center Drive

$2,600,000

$525/SF

Building Size

4,950 SF

Asset Type

Office

Closing

Jan 9, 2025

AI

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.

Players

Jeff Carr

CBRE

Broker

$52M

vol

3 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93