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.
Players
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