Jose Arrellano Acquires Industrial Property At 1858 Newton Avenue San Diego From Elijah Rosenberg For $5M
SOLD
$5,000,000
California
See Similar DealsIndustrial23,730 SF
Sold 02/07/2025
SOLD
Jose Arrellano Acquires Industrial Property At 1858 Newton Avenue San Diego From Elijah Rosenberg For $5M
1858 Newton Avenue
See Similar DealsIndustrial23,730 SF
Sold 02/07/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:23,730 SF
Transaction Type:Sale
The asset involved in the transaction is an industrial property located at 1858 Newton Avenue in the San Diego market. The sale price was set at $5,000,000, covering a total square footage of 23,730 and equating to a price per square foot of $210.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 1858 Newton Avenue
- Market: San Diego
- Square Footage: 23,730
- Price per Square Foot: $210
- Buyer: Jose Arrellano
- Seller: Elijah Rosenberg
- Broker: Jacob Plewa - Re/Max
The deal was facilitated by broker Jacob Plewa, who represented the seller, Elijah Rosenberg, in this transaction. The buyer of the property is Jose Arrellano, finalizing the sale in February 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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