Seifert Investments LLC & Ali Nayab Acquire Industrial Property In El Cajon For $10.1M
1950 Cordell Ct, El Cajon, CA, USA
$10,100,000
$192/SF
Building Size
52,423 SF
Asset Type
Industrial
Closing
Dec 6, 2021
AI
Located in El Cajon, the industrial property at 1950 & 1955 Cordell Ct. was recently sold for $10,100,000. Spanning across 52,423 square feet, the property was acquired by Seifert Investments LLC and Ali Nayab from the seller, Pacific Gillespie Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,100,000
- Address: 1950 & 1955 Cordell Ct.
- Market: El Cajon
Representing the buyer, Seifert Investments LLC and Ali Nayab, were Chris Nelson and Sam Sukut from Inland Pacific. The seller, Pacific Gillespie Partners, was represented by Ryan Dentt from Pacific Realty Advisors.
Players
El Cajon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93