Updated Dec 4, 2024
Biotest Inc. Acquires San Diego Industrial Property For $23M
10140 Mesa Rim Road
$23,000,000
$540/SF
Building Size
42,547 SF
Asset Type
Industrial
Closing
Mar 1, 2024
About this deal
AI
An industrial property located at 10140 Mesa Rim Road in San Diego was sold in a transaction involving Peter Janssen of Biotest Inc. The property, spanning 42,547 square feet, was acquired for $23 million at a rate of $541 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Buyer: Peter Janssen - Biotest Inc.
- Broker: Todd Holley - Voit Real Estate Services
- Market: San Diego
- Address: 10140 Mesa Rim Road
Todd Holley of Voit Real Estate Services represented Peter Janssen, who purchased the industrial property for $23 million. Biotest Inc., a China-based life sciences company, plans to utilize the facility for product development and distribution. The seller's identity remains undisclosed in the transaction.
San Diego Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93