Updated Oct 29, 2024
Anchor Health Properties Acquires Office In San Diego For $25.3M
9095 Rio San Diego Drive, San Diego, CA, USA
$25,300,000
$311/SF
Building Size
81,200 SF
Asset Type
Office
Closing
Apr 14, 2021
About this deal
AI
Anchor Health Properties has purchased an office property located at 9095 Rio San Diego Drive in San Diego. The transaction took place on April 15, 2021. The property spans a total area of 81,200 square feet and was sold for $25,300,000, resulting in a price per square foot of $311. The deal was facilitated by CBRE.
Summary of transation details
- Property Type: Office
- Transaction Amount: $25,300,000
- Address: 9095 Rio San Diego Drive
- Market: San Diego
- Buyer: Anchor Health Properties
- Broker: CBRE
The acquisition of the office property on Rio San Diego Drive was completed by Anchor Health Properties in collaboration with CBRE. The transaction marks an important investment in the San Diego market, reflecting the attractiveness of the office asset and its potential for future growth.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93