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
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