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330 A Street, San Diego, Ca...

Updated Oct 29, 2024

San Diego County Bar Association Acquires Office Building On A Street In San Diego For $6.83M
SOLDOffice

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

SA
San Diego County Bar AssociationBuyer
3L
330 A Street LLCSeller

San Diego Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $758.9K per square foot on a published $6.8M for 9 square feet (2023).

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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

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