Ambient Communities Purchases Office Asset In San Diego For $27.5 Million With CBRE Representation
530 B Street
$27,500,000
$109/SF
Building Size
250,181 SF
Asset Type
Office
Closing
Oct 24, 2024
AI
The asset involved in this transaction is an office property located at 530 B Street in San Diego. The sale price for this property was $27,500,000, with a total square footage of 250,181 and a price per square foot of $109.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,500,000
- Address: 530 B Street
- Market: San Diego
- Square Footage: 250,181
- Price Per Square Foot: $109
- Buyer: Ambient Communities
- Seller: Swift Real Estate Partners
- Buyer's Representative: Mickey Morera - Kidder Mathews
- Seller's Representatives: Matthew Carlson, Hunter Rowe, Camille Doan, Matt Pourcho & Anthony DeLorenzo - CBRE
The transaction included key individuals representing both sides, with Mickey Morera representing the buyer, Ambient Communities, and a team from CBRE, including Matthew Carlson, Hunter Rowe, Camille Doan, Matt Pourcho, and Anthony DeLorenzo, representing the seller, Swift Real Estate Partners.
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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93