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1207 Air Wing Rd San Diego,...

ATI Acquires Industrial Warehouse In San Diego's Otay Mesa For $9.4M
SOLDIndustrial

ATI Acquires Industrial Warehouse In San Diego's Otay Mesa For $9.4M

1207 Air Wing Rd San Diego, CA 92154, USA

$9,400,000

$257/SF

Building Size

36,475 SF

Asset Type

Industrial

Closing

Jun 21, 2023

AI

Cross-border logistics company ATI has purchased a 36,475-square-foot warehouse in Otay Mesa, San Diego for $9.4 million, representing the largest owner-occupier transaction in the area this year. The acquisition provides ATI with a strategic location for transporting goods in the Cali Baja Region.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,400,000
  • Square Footage: 36,475
  • Price Per Square Foot: $258
  • Address: 1207 Air Wing Road, San Diego
  • Market: San Diego

The buyer, ATI, represented by Ramin Salehi, John Smith, and Joe Smith from CBRE, completed the transaction with seller RJC Properties. Linda Greenberg and Michael Giuliano from Lee & Associates acted as the seller's representatives in the deal.

Players

Ramin Salehi

CBRE

Broker

$39.2M

vol

7 deals

Broker

Los Angeles 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

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93