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
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