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401 West A Street

Eric Gan Of GANMI Corporation Acquires Office Assets From Eric Fleiss Of Regent Properties For $103.5M In San Diego
SOLDOffice

Eric Gan Of GANMI Corporation Acquires Office Assets From Eric Fleiss Of Regent Properties For $103.5M In San Diego

401 West A Street & 1230 Columbia Street

$103,500,000

$73/SF

Building Size

1,415,246 SF

Asset Type

Office

Closing

Feb 12, 2026

AI

The transaction involves a Class A office asset consisting of two buildings located at 401 West A Street and 1230 Columbia Street in San Diego. The total sale price was $103,500,000, translating to approximately $146 per square foot for the 707,623 square feet of office space. The asset is situated in a market that closed 2025 with a sales volume of $1.3 billion amidst increasing vacancy rates.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $103,500,000
  • Buyer: Eric Gan - GANMI Corporation - Golden Columbia
  • Seller: Eric Fleiss - Regent Properties
  • Square Footage: 707,623
  • Price Per Square Foot: $146
  • Location: 401 West A Street & 1230 Columbia Street, San Diego

Eric Gan represented the buyer, GANMI Corporation, which plans to pursue a phased repositioning of the asset, including the introduction of food hall concepts and upgraded amenities. Eric Fleiss represented the seller, Regent Properties, in this transaction.

Players

Eric Fleiss

Regent Properties

Seller

$566.3M

vol

7 deals

Seller

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93