Colliers International Brokers Finalize $16.35M Sale Of San Diego Office
SOLD
California
See Similar DealsOffice52,366 SF
Sold 04/23/2024
SOLD
Colliers International Brokers Finalize $16.35M Sale Of San Diego Office
6719 Alvarado Road
See Similar DealsOffice52,366 SF
Sold 04/23/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$312
Total Square Footage:52,366 SF
Transaction Type:Sale
The property at 6719 Alvarado Road in San Diego was recently sold as part of a closed transaction for $16,350,000. This office asset spans 52,366 square feet, resulting in a price per square foot of $312.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,350,000
- Address: 6719 Alvarado Road
- Market: San Diego
- Brokers: Ryan Foley, Matthew Melendres & John Wadsworth - Colliers International
- SF: 52,366
- PPSF: $312
Ryan Foley, Matthew Melendres, and John Wadsworth from Colliers International were the brokers involved in facilitating this property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$871,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,088.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,507.34
Annual Debt Service$930,088.10
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