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
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.
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