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

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SOLD
$2,600,000

California

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Office4,950 SF
Sold 01/09/2025
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Property Image
SOLD

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

9890 Irvine Center Drive

See Similar Deals
Office4,950 SF
Sold 01/09/2025
Contact now

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.

Players

Jeff Carr
2 deals$37.9M volume
BROKER

Jonathan Carr
CBRE
1 deal$2.6M volume(949) 201-8372
BROKER

Blake Garrett
The Reef Group
1 deal$2.6M volume(949) 375-3609
BROKER

Details

SOLD
IMAGE: Ben Julianel, Tory Hazard, Blake Garrett, Jeff Carr & Jonathan Carr DATE: 01/09/2025 ADDRESS: 9890 Irvine Center Drive MARKET: Irvine ASSET TYPE: Office BUYER: Ben Julianel - Navigators Advisory Group SELLER: Tory Hazard - ICD Equities BUYER'S REP: Blake Garrett - The Reef Group SELLER'S REP: Jeff Carr & Jonathan Carr - CBRE (@CBRE) SALE PRICE: $2,600,000 SF: 4,950 ~ PPSF: $525 NOTE: CBRE arranged the $2.6M sale of a 4,950-sq.-ft. office building at 9890 Irvine Center Drive in Irvine, California, to Navigators Advisory Group. Jeff Carr and Jonathan Carr represented the seller, ICD Equities, while Blake Garrett of The Reef Group represented the buyer.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$9,237.24
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