Black Creek Group Acquires Industrial Property In Otay Mesa, San Diego For $109M
SOLD
$109,000,000
+ 4
California
See Similar DealsIndustrial601,417 SF
Sold 12/07/2020
SOLD
Black Creek Group Acquires Industrial Property In Otay Mesa, San Diego For $109M
2020 Piper Ranch Road, San Diego, CA, USA
See Similar DealsIndustrial601,417 SF
Sold 12/07/2020
+ 4
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$181
Total Square Footage:601,417 SF
Transaction Type:Sale
Black Creek Group has acquired an industrial property located at 2020 Piper Ranch Rd. in Otay Mesa, San Diego. The property, spanning 601,417 square feet, was sold by Morgan Stanley Services Group for a total transaction amount of $109,000,000. The purchase price per square foot was $181, reflecting the market value of the asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $109,000,000
- Square Footage: 601,417
- Address: 2020 Piper Ranch Rd.
- Market: Otay Mesa, San Diego
The deal was facilitated by brokers Jeff Cole, Jeff Chiate, Bryce Aberg, Ed Hernandez, Mike Adey, and Zach Harman from Cushman & Wakefield. Their expertise and representation proved instrumental in closing the transaction between Black Creek Group and Morgan Stanley Services Group.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,813,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$387,253.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$516,715.61
Annual Debt Service$6,200,587.31
Is there something missing? Send suggestions