5 Marconi, Irvine

November 12, 2019

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