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FUGU LLC Acquires Office Building In Chula Vista For $10M

Property Image
SOLD
$10,000,000
Matt LoPiccolo
Robert Vallera
Matt Pourcho

California

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Office42,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

FUGU LLC Acquires Office Building In Chula Vista For $10M

1261 3rd Avenue, Chula Vista, CA, USA

See Similar Deals
Office42,000 SF
Sold
Matt LoPiccolo
Robert Vallera
Matt Pourcho
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$238
Total Square Footage:42000 SF
Transaction Type:Sale

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

Matt Pourcho
CBRE
Matt Pourcho
47 deals$632.5M volume
BROKER
Robert Vallera
Robert Vallera
1 deal$10M volume
BROKER
Matt LoPiccolo
Matthews
Matt LoPiccolo
2 deals$27.7M volume
BROKER

Details

SOLD
IMAGE: Robert Vallera, Matt LoPiccolo & Matt Pourcho DATE: 12/14/2020 ADDRESS: 1261 Third Ave. MARKET: Chula Vista ASSET TYPE: Office BUYER: FUGU LLC SELLER: G8 Commercial Fund LLC BUYER'S REP: Robert Vallera - Voit Real Estate Services SELLER'S REP: Matt LoPiccolo & Matt Pourcho - CBRE PRICE: $10,000,000 SF: 42,000 ~ PPSF: $238

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22