Updated Nov 28, 2024
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
About this deal
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.
On the Map
$23,300,000
$269/SF
Office
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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