facebook
Traded Co logo
Submit

Gildred Development Co. Acquires Rancho Santa Fe Office Portfolio For $19.5M

Property Image
SOLD
$19,500,000
Joe Anderson
Matt Pourcho
+ 3

California

See Similar Deals
Office18,663 SF
Sold 07/20/2020
the dealplayerscompscontact
Property Image
SOLD

Gildred Development Co. Acquires Rancho Santa Fe Office Portfolio For $19.5M

6002-6 El Tordo, Rancho Santa Fe, CA, USA

See Similar Deals
Office18,663 SF
Sold 07/20/2020
Joe Anderson
Matt Pourcho
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,044
Total Square Footage:18,663 SF
Transaction Type:Sale

The office property located at 6002-6 El Tordo, 5951 La Sendita, and 17008 Avenida De Acacias in Rancho Santa Fe has been sold. The transaction took place on July 20, 2021.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $19,500,000
  • Square Footage: 18,663
  • Price per Square Foot: $1,044
  • Market: Rancho Santa Fe

The buyer of the property is Gildred Development Co., while the seller is Huntington Hotel Co. The deal was facilitated by JLL Capital Markets.

Joe Bernstein, Joe Anderson, Matt Pourcho, Anthony DeLorenzo, Bryan Johnson, and Gary Stache were involved in the transaction, representing either the buyer or the seller.

Players

Bryan Johnson
49 deals$763.9M volume(949) 809-3762
BROKER

Gary Stache
CBRE
33 deals$481.9M volume
BROKER

Anthony DeLorenzo
CBRE
117 deals$2B volume
BROKER

Matt Pourcho
CBRE
48 deals$650.7M volume
BROKER

Joe Anderson
JLL
3 deals$196M volume
BROKER

Joe Bernstein
JLL
1 deal$19.5M volume
BROKER

BUYER

Details

SOLD
IMAGE: Joe Bernstein, Joe Anderson, Matt Pourcho, Anthony DeLorenzo, Bryan Johnson & Gary Stache DATE: 07/20/2021 ADDRESS: 6002-6 El Tordo, 5951 La Sendita and 17008 Avenida De Acacias MARKET: Rancho Sante Fe ASSET TYPE: Office BUYER: Gildred Development Co. SELLER: Huntington Hotel Co. BUYER’S REP: JLL Capital Markets SALE PRICE: $19,500,000 SF: 18,663 ~ PPSF: $1,044

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38