Orange County Music & Dance Acquires School In Irvine For $10.8 Million
17872 Cowan
$10,800,000
$437/SF
Building Size
24,670 SF
Asset Type
School
Closing
Jul 13, 2026
AI
The educational facility located at 17872 Cowan in Irvine, CA has been sold for a total price of $10.8 million. This property spans an area of 24,670 square feet, with a price per square foot of $438. The transaction marks the expansion of premises for Orange County Music & Dance, allowing for an increase in instructional space.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $10,800,000
- Square Footage: 24,670
- Price Per Square Foot: $438
- Address: 17872 Cowan
- Market: Irvine, CA
- Buyer: Orange County Music & Dance (OCMD)
- Broker: John Bosko - NAI Capital Commercial
John Bosko from NAI Capital Commercial arranged the sale, which will facilitate the launch of new education and performing arts programs for the nonprofit when the campus opens in November.
Cowan School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93