Alton Plaza & Von Karman Office Center

1733 & 1833 Alton Parkway & 18511 Von Karman | Irvine, CA

206,451 SqFt & 74,094 SqFt Office Buildings

Alton Plaza & Von Karman Office Center

Details

Date Purchased: February, 2003 & October, 2002
Purchase Price: $26,775,000
Sale Price: $45,900,000
Sale Date: April, 2005
Holding Period: 25 to 29 Months
Initial Investment: $9,500,000
Investor Proceeds from Sale: $21,043,526.00
Internal Rate of Return: 36.1%

Completed Business Plan

  • Purchased 3 office building properites which were 17% occupied and in poor condition
  • Completed cosmetic renoviations and upgraded buildings systems to enhance the Property’s appeal and achieve optimum marketability
  • Aggressively marketed and executed vacant office leases bringing occupancy up to 91%
  • Sold to cash flow oriented buyer

Persius Creative