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1858 Newton Avenue

Elijah Rosenberg Acquires Industrial Property In San Diego For $3.6M
SOLDIndustrial

Elijah Rosenberg Acquires Industrial Property In San Diego For $3.6M

1858 Newton Avenue

$3,600,000

$151/SF

Building Size

23,730 SF

Asset Type

Industrial

Closing

Jan 10, 2023

AI

The industrial property located at 1858 Newton Avenue in San Diego has been sold in a recent transaction. The property spans over 23,730 square feet and was listed for an asking price of $3,700,000. Ultimately, the property was sold for $3,600,000, resulting in a price per square foot of $152.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,600,000
  • Address: 1858 Newton Avenue, San Diego
  • Square Footage: 23,730
  • Price per Square Foot: $152

Elijah Rosenberg was the buyer in this transaction, while Brad Bittner acted as the seller. Jake Plewa from Remax Commercial and Taksa Investment Group represented the buyer, and Tim Mills from CBRE acted as the seller's representative.

Players

Elijah Rosenberg

Buyer

$17.2M

vol

5 deals

Buyer

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93