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2465 Ash Street, San Diego,...

Elion Partners Acquires Industrial Property In San Diego For $11.75M
SOLDIndustrial

Elion Partners Acquires Industrial Property In San Diego For $11.75M

2465 Ash Street, San Diego, California 92102, United States

$11,750,000

$247/SF

Building Size

47,560 SF

Asset Type

Industrial

Closing

Jan 27, 2022

AI

The industrial property located at 2465 Ash Street in San Diego has been sold for a total price of $11,750,000. The property spans across 47,560 square feet, resulting in a price per square foot of $247. The transaction took place on January 28, 2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $11,750,000
  • Address: 2465 Ash Street, San Diego
  • Market: San Diego

The buyer, Elion Partners, acquired the property from the seller, Harley Dixson. Greg Pieratt represented Elion Partners as their buyer's representative in the deal. The seller, on the other hand, was represented by Rusty Williams, Chris Roth, and Jake Rubendall from Lee & Associates NSDC.

Players

Greg Pieratt

Lee & Associates

Broker

$55.1M

vol

4 deals

Broker
Elion Partners
Elion PartnersBrokerage
Elion Partners
Elion PartnersBuyer

Vista 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

1.35%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93