Updated Oct 28, 2024
ULG Holdings, LLC Acquires Office Building In San Diego, CA For $3M
1805 Newton Avenue, San Diego, California 92113, United States
$3,000,000
$400/SF
Building Size
7,500 SF
Asset Type
Office
Closing
Oct 4, 2022
About this deal
AI
The office property located at 1805 Newton Avenue in San Diego, CA, was recently sold for $3,000,000. The sale was facilitated by brokers Nick Totah and Ross Sanchez of Marcus & Millichap, who represented the seller, Plantanos Verdes, LLC. The buyer, ULG Holdings, LLC, was represented by Karla Vidrio of Familiar Real Estate. The transaction took place on 10/05/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,000,000
- Square footage: 7,500
- Price per square foot: $400
- Address: 1805 Newton Avenue, San Diego, CA
- Market: San Diego, CA
ULG Holdings, LLC successfully acquired the office property at 1805 Newton Avenue. The buyer was represented by Karla Vidrio of Familiar Real Estate, while Nick Totah and Ross Sanchez of Marcus & Millichap acted as the seller's representatives. This transaction showcases the active real estate market in San Diego, CA.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93