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6200 Greenwich Drive, San D...

Manulife Investment Management Sells San Diego Office Buildings For $145M
SOLDOffice

Manulife Investment Management Sells San Diego Office Buildings For $145M

6200 Greenwich Drive, San Diego, California 92122, United States

$145,000,000

Building Size

Asset Type

Office

Closing

Mar 31, 2022

AI

The office property located at 6200 & 6220 Greenwich Drive in San Diego has been sold for $145,000,000. The transaction took place on April 1, 2022. The property, owned by Manulife Investment Management, was brokered by Kevin Shannon, Brunson Howard, Paul Jones, and Ken White from Newmark.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $145,000,000
  • Seller: Manulife Investment Management
  • Brokers: Kevin Shannon, Brunson Howard, Paul Jones, Ken White - Newmark
  • Address: 6200 & 6220 Greenwich Drive, San Diego
  • Market: San Diego

The sale of this office property marks a significant transaction in San Diego's real estate market. Kevin Shannon, Brunson Howard, Paul Jones, and Ken White from Newmark played key roles in facilitating the deal. The office asset, with its prime location and desirable characteristics, attracted the attention of buyers, ultimately selling for an impressive sum of $145,000,000.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
MM
Manulife Investment ManagementSeller

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93