Updated Oct 28, 2024
Regent Properties Acquires San Diego Office Complex For $420M
701 Columbia Street, San Diego, CA, USA
$420,000,000
$280/SF
Building Size
1,500,000 SF
Asset Type
Office
Closing
Jun 23, 2020
About this deal
AI
Regent Properties, represented by Eric R. L. Fleiss & Matthew Benbassat, has acquired a portfolio of office properties in San Diego. The properties include 1 Columbia Place, 701 B Street, 2 Columbia Place, and 707 Broadway. The transaction took place on 06/23/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $420,000,000
- Square Footage: 1,500,000
- Price per Square Foot: $281
Regent Properties, led by Eric R. L. Fleiss & Matthew Benbassat, completed the acquisition of these office properties in San Diego. This significant deal highlights their expertise in the real estate market.
On the Map
$420,000,000
$280/SF
Office
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Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93