Updated Oct 29, 2024
FUGU LLC Acquires Office Building In Chula Vista For $10M
1261 3rd Avenue, Chula Vista, CA, USA
$10,000,000
$238/SF
Building Size
42,000 SF
Asset Type
Office
Closing
Dec 13, 2020
About this deal
AI
Located at 1261 Third Ave. in Chula Vista, this office property was recently sold for $10,000,000. The transaction took place on December 14, 2020, and involved a total area of 42,000 square feet. The price per square foot for this sale was $238.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,000,000
- Address: 1261 Third Ave.
- Market: Chula Vista
- Square Footage: 42,000
- Price per Square Foot: $238
FUGU LLC acquired the property from G8 Commercial Fund LLC. Robert Vallera from Voit Real Estate Services represented the buyer, while Matt LoPiccolo and Matt Pourcho from CBRE represented the seller in this deal.
Players
Chula Vista 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93