Greenbridge Investment Partners Sells Office Asset At 111 East Victoria Street For $21.3M
SOLD
$21,300,000
California
See Similar DealsOffice21,970 SF
Sold 09/17/2025
SOLD
Greenbridge Investment Partners Sells Office Asset At 111 East Victoria Street For $21.3M
111 East Victoria Street
See Similar DealsOffice21,970 SF
Sold 09/17/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$969
Total Square Footage:21,970 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,135,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,674.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,972.87
Annual Debt Service$1,211,674.40
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