Updated Oct 28, 2024
Paragon Management Company Sells Kearny Mesa Office For $9.2M With CBRE Brokers
4747 Viewridge Avenue, San Diego, California 92123, United States
$9,200,000
$383/SF
Building Size
24,000 SF
Asset Type
Office
Closing
Aug 7, 2022
About this deal
AI
Paragon Management Company has sold an office property located at 4747 Viewridge in Kearny Mesa. The property spans 24,000 square feet and was sold for a price of $9,200,000, resulting in a price per square foot of $383. The transaction took place on 08/08/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,200,000
- Address: 4747 Viewridge, Kearny Mesa
- Market: Kearny Mesa
The sale was facilitated by Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Nick Bonner from CBRE, who served as the brokers representing the seller, Paragon Management Company.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93