Sentre Acquires Industrial Asset In San Diego For $50M With JLL Capital Markets
SOLD
$50,000,000
California
See Similar DealsIndustrial141,518 SF
Sold 02/17/2021
SOLD
Sentre Acquires Industrial Asset In San Diego For $50M With JLL Capital Markets
18825 Caminito Cantilena
See Similar DealsIndustrial141,518 SF
Sold 02/17/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$353
Total Square Footage:141,518 SF
Transaction Type:Sale
Sentre, a real estate investment firm, recently acquired an industrial property located at 18825 Caminito Cantilena in San Diego. The property was sold for a total of $50,000,000. This transaction took place on February 17, 2021. The asset spans 141,518 square feet and has a price per square foot of $353.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 18825 Caminito Cantilena, San Diego
- Market: San Diego
- Buyer: Sentre
- Brokers: JLL Capital Markets
Sentre, as the buyer in this transaction, made a strategic investment in the industrial asset located in San Diego. The deal was facilitated by JLL Capital Markets, a prominent brokerage firm. Steve Williams, Mike Peckham, Matt Spathas, and Doug Arthur were key individuals involved in the transaction, representing the buyer and providing expert guidance throughout the process.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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