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4025 Camino Del Rio South

CES Remington, LLC Acquires Aerofund Financial Plaza Office Building In San Diego
SOLDOffice

CES Remington, LLC Acquires Aerofund Financial Plaza Office Building In San Diego

4025 Camino Del Rio South

$9,800,000

$201/SF

Building Size

48,571 SF

Asset Type

Office

Closing

Jun 18, 2024

AI

The property involved in the transaction is located at 4025 Camino Del Rio South in San Diego. This Office property spans 1.3 acres and was sold for $9,800,000. The building measures 48,571 square feet, leading to a price per square foot of $202.

Summary of transaction details:

Cushman & Wakefield brokered the sale of Aerofund Financial Plaza to CES Remington, LLC. The property features unique office spaces, large balconies, and subterranean parking, making it an attractive acquisition in San Diego's Mission Valley.

Players

Brandon Keith

Broker

$65.4M

vol

5 deals

Broker

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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93