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15822 Bernardo Center Drive...

CBRE Acquires Office Property In Rancho Bernardo, CA For $27.4M
SOLDOffice

CBRE Acquires Office Property In Rancho Bernardo, CA For $27.4M

15822 Bernardo Center Drive, San Diego, California 92127, United States

$27,440,000

$428/SF

Building Size

64,000 SF

Asset Type

Office

Closing

Nov 3, 2022

AI

The office property located at 15822 Bernardo Center Drive in Rancho Bernardo, CA has been sold. The property spans across 4 acres and is classified as an office asset. The transaction took place on 11/04/2022.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $27,440,000
  • Square Footage: 64,000
  • Price per Square Foot: $429
  • Address: 15822 Bernardo Center Drive, Rancho Bernardo, CA
  • Market: Rancho Bernardo, CA

SENTRE, represented by Doug Arthur, acted as the seller in this transaction. The buyer's representatives were Matt Carlson, Hunter Rowe, Matt Pourcho, Anthony DeLorenzo, and Camille Doan from CBRE. The property was sold for a total of $27,440,000, at a price per square foot of $429.

Players

Anthony DeLorenzo

CBRE

Broker

$2B

vol

119 deals

Broker

Doug Arthur

SENTRE

Seller

$93.2M

vol

3 deals

Seller

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

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93