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14170 Kirkham Way

General Atomics Acquires Industrial Portfolio In San Diego From Healthpeak Properties For $180M
SOLDIndustrial

General Atomics Acquires Industrial Portfolio In San Diego From Healthpeak Properties For $180M

14170 Kirkham Way, 14200 Kirkham Way, 14250 Kirkham Way, 14105 Kirkham Way, 14177 Kirkham Way, 14253 Kirkham Way & 14311 Kirkham Way

$180,000,000

$36/SF

Building Size

4,916,996 SF

Asset Type

Industrial

Closing

Apr 5, 2024

AI

The industrial property located at 14170, 14200, 14250, 14105, 14177, 14253 & 14311 Kirkham Way in San Diego, CA, was sold in a transaction involving General Atomics as the buyer and Healthpeak Properties as the seller's representatives. The property spans 702,428 square feet with a sale price of $180,000,000, equating to $256 per square foot.

Summary of transaction details:

The deal was facilitated by CBRE representatives Matthew Carlson, Hunter Rowe, Rebecca Perlmutter Finkel, Barbara Perrier, Michael Longo, and Camille Doan, showcasing their expertise in managing the transaction between General Atomics and Healthpeak Properties.

Players

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker

Poway 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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93