Updated Oct 28, 2024
Solar Turbines Acquires Office Building In San Diego For $18.5M
4180 Ruffin Road, San Diego, California 92123, United States
$18,500,000
$253/SF
Building Size
73,000 SF
Asset Type
Office
Closing
Oct 31, 2022
About this deal
AI
The office property located at 4180 Ruffin Rd in San Diego has been sold for a price of $18,500,000. The property spans an area of 73,000 square feet, resulting in a price per square foot of $253. The transaction took place on 11/01/2022 between the buyer, Solar Turbines, and the seller, Gleich Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,500,000
- Address: 4180 Ruffin Rd, San Diego
- Market: San Diego
The transaction was facilitated by CBRE brokers Matt Pourcho, Matt Harris, and Anthony DeLorenzo, who represented both the buyer, Solar Turbines, and the seller, Gleich Real Estate, in the deal.
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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93