Brokerage & Logistics Solutions Inc Leases 119044 Square Feet Industrial Space At 9350 Airway Road
9350 Airway Road
Building Size
119,044 SF
Asset Type
Industrial
Closing
Mar 10, 2025
AI
The asset involved in this lease transaction is an industrial property located at 9350 Airway Road in San Diego. The total square footage of the property is 119,044.0, and the lease date is set for 03/10/2025.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9350 Airway Road
- Market: San Diego
- Tenant: Brokerage & Logistics Solutions, Inc
- Landlord: Ben Badiee & Logan Swanson - Badiee Development
- Tenant's Representatives: Jeff Saywitz (Voit Real Estate Services), Michael Mossmer (Voit Real Estate Services)
- Landlord's Representatives: Mark Lewkowitz (Colliers), Chris Holder (Colliers), Will Holder (Colliers)
This transaction involves the representation of the tenant by Jeff Saywitz and Michael Mossmer from Voit Real Estate Services. The landlord is represented by Mark Lewkowitz, Chris Holder, and Will Holder from Colliers, facilitating the lease agreement between Brokerage & Logistics Solutions, Inc and Badiee Development.
Players
San Diego Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93