Updated Jun 23, 2026
SOLDIndustrial
Crosspoint Tyrone Ventures Acquires Industrial Facility At 4300/4339 Jetway Court For $10.8M
4300 Jetway Court & 4339 Jetway Court
$10,800,000
$68/SF
Building Size
78,500 SF
Asset Type
Industrial
Closing
Jun 16, 2026
About this deal
AI
An industrial facility located at 4300/4339 Jetway Court in North Highlands, CA, has been sold for $10,800,000. The property encompasses a total area of 78,500 square feet, resulting in a price per square foot of approximately $138. This fully leased facility is currently occupied by Builders FirstSource Inc. and was originally built in the 1960s.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,800,000
- Square Footage: 78,500
- Price per Square Foot: $138
- Buyer: Song Oh & Bryan Biniak - Crosspoint Tyrone Ventures
- Seller: Pearl Investment Corp, Persist Investment Corp.
- Date of Sale: 06/16/2026
Crosspoint Tyrone Ventures LLC, led by investors Song Oh and Bryan Biniak, has acquired the property, marking the buyer’s first local acquisition. The transaction reflects a modest value decline from the property's previous sale in 2021, which was at $11.5 million, despite tight industrial vacancy in the area.
Players
Carmel Valley 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93