Updated Oct 28, 2024
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
About this deal
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.
On the Map
$27,440,000
$428/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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93