Updated Sep 9, 2024
Sam Sukut And Chris Nelson Acquire Industrial Property In El Cajon For $5.7M
1985 Gillespie Way, El Cajon, CA, USA
$5,700,000
$199/SF
Building Size
28,564 SF
Asset Type
Industrial
Closing
Aug 17, 2020
About this deal
AI
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.
On the Map
$5,700,000
$199/SF
Industrial
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Players
El Cajon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93