Laguna Canyon Plaza

6485 Laguna Canyon Road | Irvine, CA

38,794ft2

UNDER CONTRACT

$14.7M

Team Shannon PCG completed a successful disposition of Laguna Canyon Plaza on behalf of a local private investor in November 2018. The deal team was able to achieve an execution price of $15,900,000 ($310 PSF), which was 7.5% above our BOV in less than 28 days on the market. By leveraging an extensive principal and broker database, the deal team received over 90 completed confidentiality agreements and 7 offers which included one exchange buyer before awarding the deal to Universal Properties, a fully-integrated commercial real estate investment company.

  • Client: Private Investor
  • Product Type: Office
  • Tenants: IEC, Helix Environmental, Comcash
  • SF: 51,618 SF
  • NOI: $615,000
  • List Price: Unpriced
  • Execution Price: $15,900,000, 3.86% cap, $310 PSF – 7.5% above BOV
  • Highest Offer: $16,100,000
  • Cap Rate: 3.86%
  • # of offers: 7
  • # of exchange buyers: 1
  • Total CA Count: 91
  • Days on market: 28
  • Winning Buyer: Universal Properties, Family Office/Syndicator (Insert logo)

The Deal Team

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SEAN FLUP Executive Managing Director, Western Region

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