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
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