Seifert Investments LLC & Ali Nayab Acquire Industrial Property In El Cajon For $10.1M
SOLD
California
See Similar DealsIndustrial52,423 SF
Sold 12/06/2021
SOLD
Seifert Investments LLC & Ali Nayab Acquire Industrial Property In El Cajon For $10.1M
1950 Cordell Ct, El Cajon, CA, USA
See Similar DealsIndustrial52,423 SF
Sold 12/06/2021
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.
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Deal Type
30 years
10 years
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
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