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6719 Alvarado Road

Colliers International Brokers Finalize $16.35M Sale Of San Diego Office
SOLDOffice

Colliers International Brokers Finalize $16.35M Sale Of San Diego Office

6719 Alvarado Road

$16,350,000

$312/SF

Building Size

52,366 SF

Asset Type

Office

Closing

Apr 23, 2024

AI

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:

Ryan Foley, Matthew Melendres, and John Wadsworth from Colliers International were the brokers involved in facilitating this property transaction.

Players

Matthew Melendres

Colliers

Broker

$20.3M

vol

2 deals

Broker

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

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93