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Former First Alliance Building Fetches $5.3M

IRVINE, CA-The 40,616-sf industrial and office property has been vacant for approximately two years. It is located at 17200 Jamboree Rd. in Irvine.

By Erin Cassin | Updated on July 28, 2002

IRVINE, CA-An Irvine industrial and office facility previously occupied by First Alliance Mortgage Co. has been sold for $5.3 million.

The building, which has been vacant for approximately two years, stands at 17200 Jamboree Rd. in Irvine. Encompassing 40,616 sf, it consists of roughly 70% office space and has a parking ratio of 5:1,000 sf.

Mike Austin of Sperry Van Ness acted on behalf of the seller, First Alliance. Larry Schuler of CB Richard Ellis spoke on behalf of the buyer, an undisclosed private investor based in Irvine. The buyer plans to occupy 50% of the building and lease out the remaining half of the property.

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