Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: $9,800,000
- Buyer: CES Remington, LLC
- Buyer's Representative: Brandon Keith - Voit Real Estate Services
- Seller's Representatives: Brooks Campbell, Jeffrey Cole, Mark Avilla & Nico Napolitano - Cushman & Wakefield
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.
On the Map
$9,800,000
$201/SF
Office
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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