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5030 Camino De La Siesta, S...

Peregrine Realty Partners Acquires Office Building In San Diego For $23.3M
SOLDOffice

Peregrine Realty Partners Acquires Office Building In San Diego For $23.3M

5030 Camino De La Siesta, San Diego, CA, USA

$23,300,000

$269/SF

Building Size

86,579 SF

Asset Type

Office

Closing

May 17, 2021

AI

An office property located at 5030 Camino De La Siest in San Diego has been sold in a transaction. The property, with a total square footage of 86,579, was sold for a price of $23,300,000, resulting in a price per square foot of $269. The sale took place on 05/18/2021. The buyer of the property was Peregrine Realty Partners, while the seller was AEW Capital Management, represented by Jeff Furber.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $23,300,000
  • Address: 5030 Camino De La Siest, San Diego
  • Market: San Diego
  • Square Footage: 86,579
  • Price per Square Foot: $269

Jeff Furber, representing AEW Capital Management, was involved in the transaction as the seller's representative. No additional details were provided regarding the property or individuals involved in the deal.

Players

PP
Peregrine Realty PartnersBuyer

Jeff Furber

AEW Capital Management

Seller

$1B

vol

14 deals

Seller

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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93