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101 West Broadway

Saca Development Acquires 101 West Broadway Office Tower In San Diego For $44 Million
SOLDOffice

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:

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

Mick Partridge

The Beverly Hills Estates

Broker

$212.2M

vol

7 deals

Broker

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