5 Marconi, Irvine
February 9, 2017
Address: 5 Marconi, Irvine
Description: 200,648 sq. ft. two-building flex project
Buyer: Crown Associates
Seller: Tropitone Furniture
Assignment: Identify suitable single-tenant investment opportunities.
Result: Located a 200,648 sq. ft. single-tenant manufacturing building owned and occupied by Tropitone Furniture. Structured a sale that included a 10-year leaseback of the facility.
Total Value of the Transaction: $13,281,000