Rick Kaplan Of Cushman & Wakefield Represents Tenant In Newport Beach Office Lease
4675 MacArthur Ct, Newport Beach, C...
Building Size
49,034 SF
Asset Type
Office
Closing
Apr 21, 2021
AI
The asset involved in this transaction is an office space located at 4675 MacArthur Ct, Newport Beach, California. This property encompasses a total area of 49,034 square feet. The lease was formalized on April 21, 2021, and the landlord for this property is The Irvine Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Feet: 49,034
- Address: 4675 MacArthur Ct, Newport Beach, California
- Tenant's Representative: Rick Kaplan - Cushman & Wakefield
- Landlord: The Irvine Company
This transaction involved key representatives, including tenant's representative Rick Kaplan from Cushman & Wakefield. The landlord, The Irvine Company, played a crucial role in finalizing the lease agreement for this property.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93