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
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93