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
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