Updated Oct 28, 2024
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
About this deal
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.
On the Map
$8,800,000
$306/SF
Office
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Players
Chula Vista 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93