IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million acquisition of an educational facility located at 17872 Cowan in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional space, which includes OCMD’s existing Fitch Campus at 17620 Fitch.
Slated to open in November, the Cowan Campus will feature five large dance and rehearsal studios, 10 teaching studios, six music rehearsal rooms, state-of-the-art keyboard lab, advanced music production studio and flexible recital and performance spaces. The expansion will also support new early childhood, conservatory, world music and adult education programs.
John Bosko of NAI Capital Commercial’s Investment Services Group represented the buyer in the deal. The name of the seller was not released.