Updated Oct 28, 2024
Harbor Springs Charter School Acquires Office Building In Chula Vista, CA For $11.6M
2371 Fenton Street, Chula Vista, California 91914, United States
$11,600,000
$301/SF
Building Size
38,500 SF
Asset Type
Office
Closing
Oct 30, 2022
About this deal
AI
The office property located at 2371 Fenton Street in Chula Vista, CA was recently sold in a transaction. The property spans approximately 38,500 square feet and was sold for a price of $11,600,000, resulting in a price per square foot of $301. The sale took place on October 31, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,600,000
- Square Footage: 38,500
- Price per Square Foot: $301
- Address: 2371 Fenton Street, Chula Vista, CA
The buyer of the property was Harbor Springs Charter School, while the seller was North Palisade Partners. The deal was facilitated by CBRE brokers Matt Pourcho, Matt Harris, and Anthony DeLorenzo.
Players
Chula Vista 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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93