Updated Oct 29, 2024
San Diego County Bar Association Acquires Office Building On A Street In San Diego For $6.83M
330 A Street, San Diego, California 92101, United States
$6,830,000
$758,888/SF
Building Size
9 SF
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
The office building located at 330 A Street in San Diego has recently been sold. The transaction took place on December 16, 2022. The property, measuring approximately 9,000 square feet, was purchased by the San Diego County Bar Association. The seller was 330 A Street LLC. The sale was facilitated by Tom Nicholas and Jack Blumenfeld from Colliers, representing the buyer, and Jeff Oesterblad and Marc Frederick from CBRE, representing the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,830,000
- Address: 330 A Street
- Market: San Diego
The San Diego County Bar Association made this significant investment, acquiring the office property as a valuable asset in the San Diego market. The purchase price for the property was $6,830,000, which translates to approximately $759 per square foot. The deal was successfully negotiated with the assistance of Tom Nicholas and Jack Blumenfeld from Colliers representing the buyer, and Jeff Oesterblad and Marc Frederick from CBRE, representing the seller. This transaction demonstrates the bar association's commitment to securing a prominent space in the San Diego area for their operations.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93