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Matt Root Of Parallel Capital Partners Acquires Rose Canyon Business Park From Hamid Rezapour For $67M

Property Image
SOLD
$67,000,000

California

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Industrial234,000 SF
Sold 05/12/2025
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Property Image
SOLD

Matt Root Of Parallel Capital Partners Acquires Rose Canyon Business Park From Hamid Rezapour For $67M

4907 Morena Blvd

See Similar Deals
Industrial234,000 SF
Sold 05/12/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$286
Total Square Footage:234,000 SF
Transaction Type:Sale

The asset involved in the transaction is a 234,000 square foot industrial property located at 4901-4907 Morena Blvd in the San Diego market. The property was acquired for a total sale price of $67,000,000, which translates to approximately $286 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $67,000,000
  • Buyer: Matt Root - Parallel Capital Partners
  • Seller: Hamid Rezapour - Vertical Ventures
  • Square Footage: 234,000 SF
  • Price Per Square Foot: $286

Matt Root represents Parallel Capital Partners in this acquisition, while Hamid Rezapour represents Vertical Ventures. Following this transaction, Parallel Capital Partners plans to invest an additional $5,000,000 in renovations and is focusing on small bay industrial assets due to favorable market conditions. This acquisition comes shortly after their $14.5 million purchase of the adjacent 5 & 52 Business Park in November.

Players

MR
Matt Root
2 deals$67M volume
BUYER
VV
Vertical Ventures
SELLER

Details

SOLD
IMAGE: Matt Root & Hamid Rezapour DATE: 05/12/2025 ADDRESS: 4901-4907 Morena Blvd MARKET: San Diego ASSET TYPE: Industrial BUYER: Matt Root - Parallel Capital Partners (@ParallelCapitalPartners) SELLER: Hamid Rezapour - Vertical Ventures (@VerticalVenturesLLC) SALE PRICE: $67,000,000 SF: 234,000 ~ PPSF: $286 NOTE: Parallel Capital Partners acquired the 234,000 SF Rose Canyon Business Park in San Diego for $67M from Vertical Ventures, following a $14.5M purchase of the nearby 5 & 52 Business Park in November. The firm plans $5M in renovations and is targeting small bay industrial assets amid favorable market conditions.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$238,036.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$317,614.18
Annual Debt Service$3,811,370.18