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3110 Camino Del Rio South, ...

M.C. Strauss Company Acquires Office Property In San Diego For $17.96M
SOLDOffice

M.C. Strauss Company Acquires Office Property In San Diego For $17.96M

3110 Camino Del Rio South, San Diego, California 92108, United States

$17,960,000

$226/SF

Building Size

79,215 SF

Asset Type

Office

Closing

Apr 3, 2022

AI

The office property located at 3110-3160 Camino del Rio in San Diego has been sold in a recent transaction. The property, spanning 79,215 square feet, was sold for a total of $17,960,000. The sale price per square foot was calculated at $226. The sale took place on April 4, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $17,960,000
  • Address: 3110-3160 Camino del Rio, San Diego
  • Market: San Diego

The buyer in this transaction is M.C. Strauss Company, while the seller is City Group. The deal was facilitated by Rick Reeder and Brad Tecca from the agency Cushman & Wakefield. They represented their respective clients throughout the transaction.

Players

Brad Tecca

Newmark

Broker

$503.3M

vol

17 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Citibank
CitibankSeller
Citibank
CitibankLender

San Diego Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93