Greenbridge Investment Partners Sells Office Asset At 111 East Victoria Street For $21.3M
111 East Victoria Street
$21,300,000
$969/SF
Building Size
21,970 SF
Asset Type
Office
Closing
Sep 17, 2025
AI
The property asset involved in the transaction is an office located at 111 East Victoria Street in the Santa Barbara market. The sale was finalized for a total price of $21,300,000, encompassing a total square footage of 21,970, resulting in a price per square foot of $969.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,300,000
- Address: 111 East Victoria Street
- Market: Santa Barbara
- Square Footage: 21,970
- Price per Square Foot: $969
- Seller: Greenbridge Investment Partners
- Brokers: Mark DeGiorgio & Tom Lagos - Institutional Property Advisors - Marcus & Millichap
The deal involved Mark DeGiorgio and Tom Lagos, who represented the seller, Greenbridge Investment Partners, throughout the transaction. Their affiliation with Institutional Property Advisors, a division of Marcus & Millichap, highlights the professional representation in this real estate sale.
Players
Santa Barbara 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93