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3051 Sunset Place, San Dieg...

Crown Point Systems Acquires Medical Office In San Diego For $7.4M
SOLD

Crown Point Systems Acquires Medical Office In San Diego For $7.4M

3051 Sunset Place, San Diego, California 92110, United States

$7,400,000

$264,285/SF

Building Size

28 SF

Asset Type

Closing

Nov 28, 2022

AI

A medical office asset located at 3051-3055 Rosecrans St. & 3065 Rosecrans Place in San Diego has been sold for a total of $7,400,000. The property spans a total square footage of 28,630, resulting in a price per square foot of $258. The sale took place on 11/28/2022.

Summary of Transation Details

  • Property Type: Medical Office
  • Transaction Amount: $7,400,000
  • Address: 3051-3055 Rosecrans St. & 3065 Rosecrans Place, San Diego
  • Market: San Diego
  • Buyer: Crown Point Systems
  • Seller: Loma Starr LLC
  • Buyer's Representative: Bret Morriss - Cast Capital
  • Seller's Representatives: Peter Curry, Brooks Campbell & Kevin Cuff - Private Capital Group - Cushman & Wakefield
  • Square Footage: 28,630
  • Price per Square Foot: $258

The deal was facilitated by Bret Morriss from Cast Capital, representing the buyer, Crown Point Systems. On the seller's side, Peter Curry, Brooks Campbell, and Kevin Cuff from Private Capital Group - Cushman & Wakefield represented Loma Starr LLC. The transaction highlights the involvement of key individuals and companies in successfully closing the deal.

Players

Brooks Campbell

Cushman & Wakefield

Broker

$80.6M

vol

8 deals

Broker

San Diego CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93