Altemus Company Acquires Industrial Property In Poway, CA For $13.9M
SOLD
$13,900,000
+ 1
California
See Similar DealsIndustrial37,530 SF
Sold 10/27/2022
SOLD
Altemus Company Acquires Industrial Property In Poway, CA For $13.9M
13955 Stowe Drive
See Similar DealsIndustrial37,530 SF
Sold 10/27/2022
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$370
Total Square Footage:37,530 SF
Transaction Type:Sale
The industrial property located at 13955 Stowe Dr in Poway, CA has been sold in a closed transaction. The property spans 37,530 square feet and was sold for a total price of $13,900,000. This translates to a price per square foot of $370. The sale of this industrial asset was facilitated by the buyer, Altemus Company, and the seller, Stos Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,900,000
- Square Footage: 37,530
- Price per Square Foot: $370
- Address: 13955 Stowe Dr, Poway, CA
- Market: Poway, CA
The buyer was represented by Rusty Williams and Chris Roth from Lee & Associates, while the seller was represented by James Duncan and Mickey Morera from Kidder Mathews. These professionals played crucial roles in successfully facilitating the transaction and ensuring the interests of their respective clients were met.
Players
BROKERAGE
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$741,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10
Is there something missing? Send suggestions