Updated Oct 29, 2024
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
About this deal
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
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