Longfellow Real Estate Partners Acquires Sorrento Mesa Office For $39M
10180 Barnes Canyon Rd, San Diego, CA 92121, USA
$39,000,000
$41/SF
Building Size
934,800 SF
Asset Type
Office
Closing
May 20, 2020
AI
The property involved in the closed transaction is an office asset located at 10070, 10140, and 10180 Barnes Canyon Rd in Sorrento Mesa, San Diego. The property spans a total area of 93,480 square feet and was sold for a price of $39,000,000. The price per square foot for this transaction amounts to $417.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $39,000,000
- Address: 10070, 10140, 10180 Barnes Canyon Rd
- Market: Sorrento Mesa, San Diego
- Square Footage: 93,480
- Price per Square Foot: $417
The buyer in this transaction is Longfellow Real Estate Partners, while the seller is BLT Enterprises represented by Bernard Huberman. The brokerage team involved in this deal includes Ron Jacobson from SD Realty Partners, and Rick Reeder & Brad Tecca.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93