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530 B Street

Ambient Communities Purchases Office Asset In San Diego For $27.5 Million With CBRE Representation
SOLDOffice

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:

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

Anthony DeLorenzo

CBRE

Broker

$2B

vol

119 deals

Broker

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