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ORANGE COUNTY NEWS
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Greylight Properties Buys Irvine Office Building

8/31/18

Greylight Properties LLC has purchased a 25.2k sf office building in Irvine. The property, located at 17922 Fitch, was sold by Red Hill Capital.

The building was built in 1979 and later renovated in 2015 to create a progressive and modern office building. It has five units and was 100% occupied at the time of the sale.

Allen Basso and Ryan Harman of Lee & Associates Irvine represented the buyer, who was completing a 1031 exchange. The seller was repped by Rob Radar of Wind Water Realty.

“This project was ideal for the buyer’s business plan,” said Basso, adding that the buyer intends to hold the property as a long-term cash flow investment.





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