CBRE Brokers Sell Office Property In Chula Vista For $8.8M
690 Otay Lakes Road, Chula Vista, California 91910, United States
$8,800,000
$306/SF
Building Size
28,700 SF
Asset Type
Office
Closing
Aug 2, 2022
AI
The office building located at 690 Otay Lakes Road in Chula Vista has been sold for a total of $8,800,000. The property spans across 28,700 square feet, resulting in a price per square foot of $318. The seller of the property was Coseo Properties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,800,000
- Date: 08/03/2022
- Address: 690 Otay Lakes Road, Chula Vista
- Market: Chula Vista
The deal was facilitated by the following brokers from CBRE: Matt Pourcho, Anthony DeLorenzo, Matt Harris, Chris Williams, and Ramin Salehi. They represented Coseo Properties in the transaction.
Players
Chula Vista Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93