Updated Dec 7, 2024
Bass Pro Shop Leases Retail Space From Justin Matian At 9829 Research Drive In Irvine Spectrum
9829 Research Drive
$4
$4/SF
Building Size
21,478 SF
Asset Type
Retail
Closing
Nov 22, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 9829 Research Drive in the Irvine Spectrum market. This property features a square footage of 21,478 and is subject to a Single Net Lease agreement with an asking rent of $4 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 9829 Research Drive
- Market: Irvine Spectrum
- Landlord: Justin Matian - 9829 Research Drive, LLC.
- Tenant: Bass Pro Shop
- Brokers: Don Yahn & Brett Swartzbaugh - Cushman & Wakefield
- Lease Type: Single Net Lease
The transaction involved prominent representatives from Cushman & Wakefield, with Don Yahn and Brett Swartzbaugh playing the broker role in the lease arrangement. The landlord is Justin Matian, who operates under 9829 Research Drive, LLC.
On the Map
$4
$4/SF
Retail
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Players
Irvine Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3965750.00%
Cash-on-Cash
-1133423.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93