Updated Sep 28, 2026
The Santa Fe Irrigation District Acquires Office Building In Solana Beach For $11M
140 Marine View Avenue
$11,000,000
$633/SF
Building Size
17,365 SF
Asset Type
Office
Closing
Sep 15, 2026
About this deal
AI
The asset involved in this transaction is an office property situated at 140 Marine View Avenue in Solana Beach, CA, encompassing 5.8 acres. The sale was finalized for a price of $11,000,000, with the space measuring 17,365 square feet, resulting in a price per square foot of $633.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $11,000,000
- Address: 140 Marine View Avenue
- Market: Solana Beach, CA
- Asset Size: 5.8 acres
- Square Footage: 17,365
- Price per Square Foot: $633
- Buyer: The Santa Fe Irrigation District
- Seller: 140 Marine View LLC
- Brokers: Matt Harris, Matt Pourcho, Anthony DeLorenzo, Chris Pascale & Brian Hutcherson - CBRE
The individuals representing the transaction include Matt Harris, Matt Pourcho, Anthony DeLorenzo, Chris Pascale, and Brian Hutcherson from CBRE, who facilitated the deal between The Santa Fe Irrigation District as the buyer and 140 Marine View LLC as the seller.
On the Map
$11,000,000
$633/SF
Office
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Players
Hollywood 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93