facebook
Traded Co logo
Submit

Murphy Development Co. Secures $35.4M Construction Loan For Industrial Property In San Diego

Property Image
FINANCED
$35,400,000
Bradley Vansant
Aldon Cole
Bryan Clark

California

See Similar Deals
Industrial203,244 SF
Financed 09/01/2022
the dealplayerscompscontact
Property Image
FINANCED

Murphy Development Co. Secures $35.4M Construction Loan For Industrial Property In San Diego

7255 Otay Mesa Road, San Diego, California 92154, United States

See Similar Deals
Industrial203,244 SF
Financed 09/01/2022
Bradley Vansant
Aldon Cole
Bryan Clark
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:203,244 SF
Transaction Type:Loan

The industrial property located at 7255 Otay Mesa Rd in San Diego has been involved in a recent closed transaction. This property spans 203,244 square feet and covers an area of 13.8 acres. The transaction took place on 09/01/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $35,400,000
  • Address: 7255 Otay Mesa Rd
  • Market: San Diego
  • Size: 203,244 square feet
  • Acreage: 13.8 acres

The landlord of the property is Murphy Development Co. The deal was facilitated by Aldon Cole, Bryan Clark, and Bradley Vansant from JLL Capital Markets. These brokers represented the parties involved in the transaction.

The transaction involved a construction loan of $35,400,000. The loan terms are non-recourse, providing financial support for the development of the industrial property.

Players

Aldon Cole
JLL
Aldon Cole
15 deals$2.3B volume
BROKER
Bryan Clark
JLL
Bryan Clark
11 deals$169.4M volume(321) 239-4151
BROKER
Bradley Vansant
JLL
Bradley Vansant
10 deals$191.3M volume
BROKER
MC
Murphy Development Co.
LANDLORD

Details

FINANCED
IMAGE: Bryan Clark, Aldon Cole & Bradley Vansant DATE: 09/01/2022 ADDRESS: 7255 Otay Mesa Rd MARKET: San Diego ASSET TYPE: Industrial ~ SF: 203,244 ~ ACRES: 13.8 LANDLORD: Murphy Development Co. BROKERS: Aldon Cole, Bryan Clark & Bradley Vansant - JLL Capital Markets LOAN AMOUNT: $35,400,000 LOAN TYPE: Construction Loan LOAN TERMS: non-recourse

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,400,000.00

Monthly NOI$236,000.00
Monthly Debt Service$223,752.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00