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1003 East Brier Drive

SAC Health Acquires Office Property In San Bernardino For $35.25M
SOLDOffice

SAC Health Acquires Office Property In San Bernardino For $35.25M

1003 East Brier Drive

$35,250,000

$125/SF

Building Size

280,000 SF

Asset Type

Office

Closing

Jan 31, 2023

AI

The office property located at 1003 East Brier Drive in San Bernardino has been sold in a transaction. The property encompasses approximately 280,000 square feet and was sold for a price of $35,250,000, resulting in a price per square foot of $126. The buyer of the property is SAC Health, while the seller is TPG Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $35,250,000
  • Square Footage: 280,000
  • Price per Square Foot: $126
  • Address: 1003 East Brier Drive, San Bernardino
  • Market: San Bernardino

LDM Commercial represented the buyer, SAC Health, in the transaction. Lon Mapes from LDM Commercial acted as their representative. On the other hand, Newmark represented the seller, TPG Partners, with Sean Fulp serving as their representative.

Players

Sean Fulp

Colliers

Broker

$1.9B

vol

55 deals

Broker
SH
SAC HealthBuyer

Market 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93