Updated Dec 21, 2023
Lee & Associates Acquires Industrial Property In El Cajon For $16.25M
1111 Pioneer Way, El Cajon, CA 92020, USA
$16,250,000
$146/SF
Building Size
110,663 SF
Asset Type
Industrial
Closing
Sep 14, 2020
About this deal
AI
1111 Pioneer Way, an industrial property located in El Cajon, has been sold for a price of $16,250,000. The property spans over an area of 110,663 square feet, resulting in a price per square foot of $146. The transaction took place on September 15, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,250,000
- Address: 1111 Pioneer Way
- Market: El Cajon
- Square Footage: 110,663
- Price Per Square Foot: $146
Greg Pieratt from Lee & Associates represented the buyer in this transaction, while James Renner, Chris Nelson, and Sam Sukut from Inland Pacific acted as the seller's representatives.
Players
El Cajon 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93