Irvine, CA
CBRE Negotiates $2.6 Million Sale of Two-Story Office Building
January 9, 2025
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CBRE has arranged the $2.6 million sale of 9890 Irvine Center Drive, a 4,950 sq.-ft.-office building in Irvine, California to Navigators Advisory Group. CBRE's Jeff Carr and Jonathan Carr represented ICD Equities in the transaction.
“After receiving multiple offers on this property, a tremendous price for the seller was achieved while closing escrow in less than 45 days from start to finish," said Jeff Carr, Senior Vice President at CBRE.
The two-story creative office building features a mix of open and private offices. Recent upgrades to the property include a “lofty” creative design that featured open ceilings and exposed ducting. Built in 2007, the building is located at the Irvine Center Drive and Lake Forest Drive intersection, has immediate access to Interstate 5 (I-5) and I-405, and is minutes from the Irvine Spectrum Center, which has numerous restaurants and retail shops.
Blake Garrett from The Reef Group represented Navigators Advisory Group in the transaction.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.