Updated Apr 9, 2026
Bridgeway Real Estate Partners & LBX Investments Acquire Office Campus In San Diego For $43M
12520 High Bluff Drive
$43,000,000
$358/SF
Building Size
120,000 SF
Asset Type
Office
Closing
Apr 1, 2026
About this deal
AI
Bridgeway Real Estate Partners and LBX Investments acquired a 120,000 SF office campus located at 12520 & 12526 High Bluff Drive in San Diego for a sale price of $43,000,000, which equates to approximately $358 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $43,000,000
- Address: 12520 & 12526 High Bluff Drive
- Market: San Diego
- Square Footage: 120,000 SF
- Price per SF: $358
- Buyers: Bridgeway Real Estate Partners & LBX Investments
- Broker: Rick Reeder - Newmark
- Mortgage Brokers: Scott Peterson, Mark McGovern, Colby Matzke & Michael Kolcum - CBRE
Rick Reeder of Newmark represented the undisclosed seller in this transaction, while CBRE was responsible for securing acquisition financing for the buyers.
On the Map
$43,000,000
$358/SF
Office
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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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93