Weston Legal Acquires Office Space In San Diego From F&F Properties For $2.7M
4060 30th Street
$2,700,000
$707/SF
Building Size
3,818 SF
Asset Type
Office
Closing
May 8, 2024
AI
The office property located at 4060 30th Street in San Diego was sold for $2,700,000. The 3,818-square-foot space was purchased by Mike Weston of Weston Legal, PLLC from seller Dan Feder of F&F Properties, Inc. The sale, facilitated by Marcus & Millichap, showcased a unique midcentury modern design and marked one of the highest price-per-square-foot sales for creative office space in North Park.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,700,000
- Buyer: Mike Weston - Weston Legal, PLLC
- Seller: Dan Feder - F&F Properties, Inc
- Brokers: Nick Totah & Ross Sanchez - The Totah Group - Marcus & Millichap
- Address: 4060 30th Street, San Diego
- Market: San Diego
- SF: 3,818
- PPSF: $707
The Totah Group from Marcus & Millichap’s San Diego Downtown office managed the marketing and sale of the property on behalf of the seller, Dan Feder of F&F Properties, Inc. They also secured the buyer, Mike Weston of Weston Legal, PLLC, who was expanding their legal firm from Texas and Florida into California.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93