NAI Capital Completes Sale of 18,074 Square Foot Office Building in Irvine, CA
Irvine, CA, Thursday, August 10, 2017– Senior Vice President John Manion and Associates Jeanene Stolrow and Austin Hillemann with NAI Capital’s Irvine office represented EBA&M Corp in the purchase of an 18,074 square foot office building in Irvine, Calif. The transaction totaled $5,100,000 or $274 per square foot. The seller was JVK-CA Holdings LLC.
The property located at 18002 Cowan in Orange County’s Airport submarket. The free standing two-story office facility was built in 1981 and is situated on 30,492 square feet of land. The building was in turn-key condition. EBA&M, a leading provider of administrative services for employer sponsored health plans, took full occupancy of the property at the close of escrow. EBA&M will use the office building for their operations. The property included approximately 2,700 square feet of warehouse space.
Manion said, “This was an excellent opportunity for my client to expand into a turn-key facility, almost double their footprint, as they came out of a 1031 exchange. It was the perfect building for my client.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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