Regent Properties Acquires San Diego Office Complex For $420M
SOLD
California
See Similar DealsOffice1,500,000 SF
Sold 06/23/2020
SOLD
Regent Properties Acquires San Diego Office Complex For $420M
701 Columbia Street, San Diego, CA, USA
See Similar DealsOffice1,500,000 SF
Sold 06/23/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$280
Total Square Footage:1,500,000 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$22,399,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,492,171.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,991,014.27
Annual Debt Service$23,892,171.29
Is there something missing? Send suggestions
