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Owner-User Acquires Low-Rise Irvine Offices for $13M
CBRE arranged the $13-million sale of 17101 Armstrong in Irvine to a municipal owner-user. CBRE Investment Properties’ Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, and Carter Haslam represented the seller, RGP.
“This was a great result for both parties, which provided for the seller to downsize and reduce their real estate footprint, and for the buyer the ability to occupy a strategically located asset within the Irvine Business Complex for years to come,” said DeLorenzo. “We are seeing strong demand from owner-users looking to expand their footprints into quality real estate within Orange County and Southern California.”
The two-story low-rise building is 57,301 square feet and is, surrounded by 167 parking stalls. Built in 1982, it sits on a 2.49-acre corner lot at Armstrong Avenue and Kettering Street. The property provides ready access to Interstate 405 and State Route 55.
- ◦Financing


