Updated Oct 28, 2024
Rubicon Point Partners Acquires Office Building In Oakland For $72M
300 Frank H. Ogawa Plaza, Oakland, CA 94612
$72,000,000
$211/SF
Building Size
340,000 SF
Asset Type
Office
Closing
Jan 24, 2022
About this deal
AI
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.
Players
Oakland 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93