Updated Oct 9, 2026
Joe Mishurda Of North Palisade Partners Acquires 13.49 ACRE Industrial Property In Santee For $22.75M
10990 North Woodside Avenue
$22,750,000
$78/SF
Building Size
290,618 SF
Asset Type
Industrial
Closing
Oct 8, 2026
About this deal
AI
The industrial property located at 10990 North Woodside Avenue in Santee, CA, encompasses 13.49 acres and was sold for $22,750,000. The total square footage of the asset is 290,618, resulting in a price per square foot of $78.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,750,000
- Address: 10990 North Woodside Avenue
- Market: Santee, CA
- Acres: 13.49
- Square Footage: 290,618
- Price Per Square Foot: $78
- Buyer: Joe Mishurda - North Palisade Partners
- Brokers: Evan McDonald - Colliers
Joe Mishurda, representing North Palisade Partners, acquired the former Santee Drive-In property, and Evan McDonald from Colliers acted as the broker for the transaction. Following the acquisition, the buyer commenced construction on the Palisade Santee Commerce Center, a multi-tenant Class A industrial project, which is anticipated to enhance Santee’s industrial inventory by approximately 7% upon its expected completion in Q3 2027.
On the Map
$22,750,000
$78/SF
Industrial
View full map
Players
Santee Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Evan McDonald to view all their deals.
Browse Santee industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93