Updated Dec 10, 2025
Peer Properties-2 LLC Acquires Industrial Property In San Diego For $13.7M With ALFA Partners As Seller
12375 World Trade Drive
$13,700,000
$291/SF
Building Size
46,936 SF
Asset Type
Industrial
Closing
Dec 4, 2025
About this deal
AI
An industrial building located at 12375 World Trade Drive in San Diego was recently sold for $13,700,000. The asset spans 46,936 square feet and is positioned strategically near the I-15 corridor, close to Apple's new campus and major retail amenities. The property features a 24-foot clear height and multiple loading doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,700,000
- Square Footage: 46,936
- Price Per Square Foot: $292
- Buyer: Peer Properties-2 LLC
- Seller: ALFA Partners LLC
- Brokers: Matt Pourcho, Sean Williams, Bill Dolan, Ryan Sparks & Anthony DeLorenzo - CBRE
The transaction involved Peer Properties-2 LLC, a 1031 buyer, who acquired the property after a competitive bidding process. The seller, ALFA Partners LLC, was represented by CBRE, emphasizing the collaborative efforts of the brokerage team during the negotiation and closing stages of the deal.
On the Map
$13,700,000
$291/SF
Industrial
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Players
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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93