Updated Oct 28, 2024
Murphy Development Co. Secures $35.4M Construction Loan For Industrial Property In San Diego
7255 Otay Mesa Road, San Diego, California 92154, United States
$35,400,000
$174/SF
Building Size
203,244 SF
Asset Type
Industrial
Closing
Aug 31, 2022
About this deal
AI
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.
On the Map
$35,400,000
$174/SF
Industrial
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Players
San Diego Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93