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CBRE Acquires Office Building On Oberlin Drive In San Diego For $5M

Property Image
SOLD
$5,000,000
Ted Jacobs
Scott Kincaid
Matthew (Matt) Carlson
+ 4

California

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Office17,000 SF
Sold 09/15/2022
the dealplayerscompscontact
Property Image
SOLD

CBRE Acquires Office Building On Oberlin Drive In San Diego For $5M

5752 Oberlin Drive, San Diego, California 92121, United States

See Similar Deals
Office17,000 SF
Sold 09/15/2022
Ted Jacobs
Scott Kincaid
Matthew (Matt) Carlson
+ 4
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$294
Total Square Footage:17,000 SF
Transaction Type:Sale

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

Anthony DeLorenzo
CBRE
Anthony DeLorenzo
117 deals$2B volume
BROKER
Matt Pourcho
CBRE
Matt Pourcho
48 deals$650.7M volume
BROKER
Matt Harris
CBRE
Matt Harris
28 deals$349M volume
BROKER
Hunter Rowe
CBRE
Hunter Rowe
18 deals$1.1B volume
BROKER
Ted Jacobs
CBRE
Ted Jacobs
1 deal$5M volume
BROKER
Matthew (Matt) Carlson
CBRE
Matthew Carlson
15 deals$782.5M volume
BROKER
Scott Kincaid
CBRE
Scott Kincaid
1 deal$5M volume
BROKER

Details

SOLD
IMAGE: Ted Jacobs, Hunter Rowe & Matt Carlson DATE: 09/15/2022 ADDRESS: 5752 Oberlin Drive MARKET: San Diego ASSET TYPE: Office BUYER'S REP: Ted Jacobs, Hunter Rowe & Matt Carlson - CBRE (@CBRE) SELLER'S REP: Matt Pourcho, Anthony DeLorenzo, Matt Harris & Scott Kincaid - CBRE SALE PRICE: $5,000,000 SF: 17,000 ~ PPSF: $294

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61