Sam Sukut And Chris Nelson Acquire Industrial Property In El Cajon For $5.7M
SOLD
$5,700,000
California
See Similar DealsIndustrial28,564 SF
Sold 08/17/2020
SOLD
Sam Sukut And Chris Nelson Acquire Industrial Property In El Cajon For $5.7M
1985 Gillespie Way, El Cajon, CA, USA
See Similar DealsIndustrial28,564 SF
Sold 08/17/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$199
Total Square Footage:28,564 SF
Transaction Type:Sale
An industrial property located at 1985 Gillespie Way in El Cajon has been sold for $5,700,000. The property spans 28,564 square feet with a price per square foot of $199. The transaction took place on August 17, 2021. The buyer was represented by Chris Nelson and Sam Sukut of Inland Pacific, while Ryan Dentt of Dentt Properties represented the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,700,000
- Address: 1985 Gillespie Way, El Cajon
- Market: El Cajon
- Square Footage: 28,564
- Price per Square Foot: $199
Chris Nelson and Sam Sukut, representing Inland Pacific, served as the buyer's representatives in the sale of the industrial property at 1985 Gillespie Way. Ryan Dentt, from Dentt Properties, acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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