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9095 Rio San Diego Drive, S...

Updated Oct 29, 2024

Anchor Health Properties Acquires Office In San Diego For $25.3M
SOLDOffice

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

Anchor Health Properties
Anchor Health PropertiesBuyer

San Diego Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $311 per square foot on a published $25.3M for 81,200 square feet (2021).

Browse California office sales on Traded.

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

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