Rubicon Point Partners Acquires Office Building In Oakland For $72M
SOLD
$72,000,000
California
See Similar DealsOffice340,000 SF
Sold 01/24/2022
SOLD
Rubicon Point Partners Acquires Office Building In Oakland For $72M
300 Frank H. Ogawa Plaza, Oakland, CA 94612
See Similar DealsOffice340,000 SF
Sold 01/24/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$211
Total Square Footage:340,000 SF
Transaction Type:Sale
The office property located at 300 Frank H. Ogawa Plaza in Oakland has been sold for $72,000,000. The property spans approximately 340,000 square feet, resulting in a price per square foot of $211. The transaction took place on January 24, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $72,000,000
- Address: 300 Frank H. Ogawa Plaza, Oakland
- Market: Oakland
- Buyer: Rubicon Point Partners - Ani Vartanian
- Seller: California Capital & Investment Group
- Square Footage: 340,000
- Price per Square Foot: $211
The buyer in this transaction is Rubicon Point Partners, represented by Ani Vartanian. The seller is California Capital & Investment Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,840,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$255,800.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$341,316.73
Annual Debt Service$4,095,800.79
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