Jeremy K. Rogers Of Montana Avenue Capital Partners Sells Office In San Diego For $9.95M
16980 Via Tazon
$9,950,000
$281/SF
Building Size
35,312 SF
Asset Type
Office
Closing
Nov 25, 2024
AI
A vacant office/flex building located at 16980 Via Tazon in San Diego was sold for $9,950,000. The property spans 35,312 square feet and was part of an off-market transaction. The asset falls within the San Diego market and has a price per square foot of $282.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,950,000
- Square Footage: 35,312
- Price per Square Foot: $282
- Seller: Jeremy K. Rogers - Montana Avenue Capital Partners
- Broker Representatives: Bob Prendergast, Lynn LaChapelle & Zac Saloff - JLL
- Market: San Diego
The transaction was completed as an all-cash sale to a private investor and represents the finalization of Montana Avenue Capital Partners' investment strategy involving a four-building portfolio that was acquired in 2021.
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
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93