Updated Dec 20, 2023
Northmarq Brokers Wyatt Campbell & Conor Freeman Secure $17.7M Loan For Self-Storage Property At 2209 National Ave In San Diego
2209 National Avenue, San Diego, California 92113, United States
$17,700,000
Units
1,200
Asset Type
—
Closing
Aug 29, 2022
About this deal
AI
The self storage property located at 2209 National Avenue in San Diego has recently undergone a closed transaction. The property consists of 1,200 units and is situated in the San Diego market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $17,700,000
- Date: 08/30/2022
- BROKERS: Wyatt Campbell & Conor Freeman - Northmarq
Wyatt Campbell and Conor Freeman from Northmarq were the brokers involved in this transaction. They represented the parties in the deal, facilitating the successful closure of the transaction.
Players
San Diego CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93