Poway Industrial Property Sold For $8.6M With Brokers James Duncan & Mickey Morera - Kidder Matthews
SOLD
$8,600,000
California
See Similar DealsIndustrial37,350 SF
Sold 10/19/2021
SOLD
Poway Industrial Property Sold For $8.6M With Brokers James Duncan & Mickey Morera - Kidder Matthews
13955 Stowe Drive, Poway, California 92064, United States
See Similar DealsIndustrial37,350 SF
Sold 10/19/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$230
Total Square Footage:37,350 SF
Transaction Type:Sale
The industrial property located at 13955 Stowe Drive in Poway has been sold for $8,600,000. The property spans a total area of 37,530 square feet, resulting in a price per square foot of $229. The transaction took place on October 19, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,600,000
- Square Feet: 37,530
- Price per Square Foot: $229
- Date: October 19, 2021
- Market: Poway
The sale of this industrial property was facilitated by brokers James Duncan and Mickey Morera from Kidder Matthews.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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