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
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.
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