San Bernardino County Acquires Office Property On East Vanderbilt Way For $26.75M
451 East Vanderbilt Way
$26,750,000
$231/SF
Building Size
115,520 SF
Asset Type
Office
Closing
Jan 5, 2024
AI
Paul Miszkowicz of Harbor Associates, sold an office property located at 451 East Vanderbilt Way in San Bernardino. The buyer of the property was San Bernardino County. The transaction took place on 01/05/2024.
Summary of transation details
- Property Type: Office
- Transaction Amount: $26,750,000
- Square Footage: 115,520
- Price per Square Foot: $232
- Address: 451 East Vanderbilt Way, San Bernardino
- Market: San Bernardino
Paul Miszkowicz of Harbor Associates, acted as the seller in the deal. San Bernardino County was the buyer. The office property, with a total square footage of 115,520, was sold for a price of $26,750,000, resulting in a price per square foot of $232.
San Bernardino 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93