Updated Dec 21, 2023
CBRE Acquires Office Building On Oberlin Drive In San Diego For $5M
5752 Oberlin Drive, San Diego, California 92121, United States
$5,000,000
$294/SF
Building Size
17,000 SF
Asset Type
Office
Closing
Sep 14, 2022
About this deal
AI
Located at 5752 Oberlin Drive in San Diego, this office property was recently sold for a transaction amount of $5,000,000. Spanning over 17,000 square feet, the property offers ample space for various business operations. With a price per square foot of $294, this sale represents a significant investment in the San Diego market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 5752 Oberlin Drive
- Market: San Diego
- Square Footage: 17,000
- Price per Square Foot: $294
The buyer's representation in this deal was provided by Ted Jacobs, Hunter Rowe & Matt Carlson of CBRE. On the seller's side, Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Scott Kincaid, also from CBRE, facilitated the transaction. It's evident that both parties were represented by experienced professionals in the industry.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93