CBRE Sells Temecula Office Building On Ridgegate Dr For $5.18M
1 Ridgegate, Temecula, CA 92590, USA
$5,180,000
$14/SF
Building Size
352,580 SF
Asset Type
Office
Closing
Jun 25, 2020
AI
The property involved in this transaction is located at 1 Ridgegate Dr in Temecula. It is an office asset with a total area of 35,258 square feet. The transaction took place on June 26, 2020, and the property was sold for $5,180,000. This equates to a price per square foot of $146. The seller of the property was MIG Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,180,000
The brokers involved in this deal were Matt Pourcho, Gary Stache, Anthony DeLorenzo, Doug Mack, and Bryan Johnson from CBRE.
Players
Temecula 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
3.06%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93