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
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