Renda Law Offices Acquires Office Building In Sorrento Mesa, San Diego For $3.1M
9565 Waples St, Sorrento Mesa, San Diego, CA, USA
$3,100,000
$226/SF
Building Size
13,695 SF
Asset Type
Office
Closing
Jun 29, 2020
AI
Renda Law Offices P.C. has acquired an office property located at 9565 Waples St in Sorrento Mesa, San Diego. The transaction took place on June 30, 2020, with the property being sold by 9565 Waples Investment Group LLC. The office spans a total area of 13,695 square feet and was sold for a price of $3,100,000, resulting in a price per square foot of $226. The property is situated in the Sorrento Mesa market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,100,000
- Address: 9565 Waples St, Sorrento Mesa, San Diego
- Market: Sorrento Mesa, San Diego
The deal was facilitated by Brandon Keith, Kipp Gstettenbauer, and Ryan King from Voit Real Estate Services, who represented both the buyer and the seller in the transaction.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93