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111 East Victoria Street

Greenbridge Investment Partners Sells Office Asset At 111 East Victoria Street For $21.3M
SOLDOffice

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:

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

Tom Lagos

Marcus & Millichap

Broker

$127.5M

vol

6 deals

Broker
GP
Greenbridge Investment PartnersSeller

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