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Jeremy K. Rogers Of Montana Avenue Capital Partners Sells Office In San Diego For $9.95M

Property Image
SOLD
$9,950,000
Lynn LaChapelle
Bob Prendergast
Zac Saloff

California

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Office35,312 SF
Sold 11/25/2024
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Property Image
SOLD

Jeremy K. Rogers Of Montana Avenue Capital Partners Sells Office In San Diego For $9.95M

16980 Via Tazon

See Similar Deals
Office35,312 SF
Sold 11/25/2024
Lynn LaChapelle
Bob Prendergast
Zac Saloff
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$281
Total Square Footage:35,312 SF
Transaction Type:Sale

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

Lynn LaChapelle
JLL
Lynn LaChapelle
9 deals$465.3M volume
BROKER
Bob Prendergast
JLL
Bob Prendergast
5 deals$356.2M volume
BROKER
Zac Saloff
JLL
Zac Saloff
4 deals$199.8M volume
BROKER

Details

SOLD
IMAGE: Jeremy K. Rogers, Bob Prendergast, Lynn LaChapelle & Zac Saloff DATE: 11/25/2024 ADDRESS: 16980 Via Tazon MARKET: San Diego ASSET TYPE: Office SELLER: Jeremy K. Rogers - Montana Avenue Capital Partners BROKERS: Bob Prendergast, Lynn LaChapelle & Zac Saloff (@Zac_Saloff) - JLL (@JLL) SALE PRICE: $9,950,000 SF: 35,312 ~ PPSF: $282 NOTE: JLL brokered the $9.95M all-cash sale of a 35,312-sf vacant office/flex building in Rancho Bernardo, San Diego, to a private investor in an off-market deal. The sale marks the completion of Montana Avenue Capital Partners' investment in a four-building portfolio acquired in 2021.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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