8808 & 8810 Rio San Diego Drive, San Diego, CA

Acquisition Summary
Ownership Interest 100%
Purchase Price (million) US$29.0


Property Statistics
Property Type Office
NLA (sf) 144,327
Occupancy 100.0%
Current Rent (psf pa) US$24.25
Mark Rent (psf pa) US$27.00
WALT (by income) 6.0 years
Class B
Completion Date 1988 & 1998

Valuation Summary
Valuation (million) US$36.9
Cap Rate 50.5%
Valuer CBRE
 


Major Tenant Profile
Tenant Square Feet % by Area Lease Maturity Years Remaining
Veterans Administration 131,985 91.4% Nov 2013 6.4