Saca Development Acquires 101 West Broadway Office Tower In San Diego For $44 Million
101 West Broadway
$43,900,000
$103/SF
Building Size
426,000 SF
Asset Type
Office
Closing
Nov 27, 2024
AI
101 West Broadway is a prestigious 20-story office tower located in the heart of downtown San Diego. The sale price for this property was $44,000,000, with a net square footage of 426,000, resulting in a price per square foot of $103.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $44,000,000
- Location: 101 West Broadway, San Diego
- Net Square Footage: 426,000
- Price per Square Foot: $103
- Buyer: Saca Development - John Saca & Payton Saca
- Seller: The Irvine Company
- Buyer's Representative: Mick Partridge - The Beverly Hills Estates
- Seller's Representative: Adam Edwards - Eastdil Secured
Saca Development, represented by John Saca and Payton Saca, has acquired the office tower. The involvement of both Mick Partridge as the buyer's representative and Adam Edwards as the seller's representative highlights the professional collaboration that facilitated this transaction.
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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93