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Seifert Investments LLC & Ali Nayab Acquire Industrial Property In El Cajon For $10.1M

Property Image
SOLD
$10,100,000
Ryan Dentt
Christian "Chris" Nelson
+ 1

California

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Industrial52,423 SF
Sold 12/06/2021
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Property Image
SOLD

Seifert Investments LLC & Ali Nayab Acquire Industrial Property In El Cajon For $10.1M

1950 Cordell Ct, El Cajon, CA, USA

See Similar Deals
Industrial52,423 SF
Sold 12/06/2021
Ryan Dentt
Christian "Chris" Nelson
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:52,423 SF
Transaction Type:Sale

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

Christian "Chris" Nelson
7 deals$47.1M volume
BROKER

Sam Sukut
3 deals$24.6M volume
BROKER

Ryan Dentt
2 deals$15.8M volume
BROKER

Details

SOLD
IMAGE: Sam Sukut, Chris Nelson & Ryan Dentt DATE: 12/06/2021 ADDRESS: 1950 & 1955 Cordell Ct. MARKET: El Cajon ASSET TYPE: Industrial BUYER: Seifert Investments LLC & Ali Nayab SELLER: Pacific Gillespie Partners BUYER'S REP: Chris Nelson & Sam Sukut - Inland Pacific SELLER'S REP: Ryan Dentt - Pacific Realty Advisors SALE PRICE: $10,100,000 SF: 52,423 ~ PPSF: $192

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$538,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83