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4400 Ruffin Road

CenterPoint Properties Acquires Industrial Assets At 4400 & 4450 Ruffin Road For $80.05M
SOLDIndustrial

CenterPoint Properties Acquires Industrial Assets At 4400 & 4450 Ruffin Road For $80.05M

4400 Ruffin Road & 4450 Ruffin Road

$88,050,000

$434/SF

Building Size

202,547 SF

Asset Type

Industrial

Closing

Jun 25, 2025

AI

The property asset involved in this transaction consists of two industrial buildings located at 4400 & 4450 Ruffin Road in San Diego. The sale price was $80,050,000 for a total square footage of 202,547, resulting in a price per square foot of $395.

Summary of transaction details:

This transaction involved CenterPoint Properties as the buyer and LBA Logistics as the seller. The selling entity was represented by a team of brokers from CBRE, including Matthew Carlson, Hunter Rowe, Michael Longo, Eric Cox, Barbara Perrier, and Joe Cesta.

Players

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker
CBRE
CBREBrokerage
CenterPoint Properties
CenterPoint PropertiesBuyer
LBA Logistics
LBA LogisticsSeller

San Diego Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93