University Storage Acquires Industrial Property On University Ave In San Diego For $7.7M
5150 University Avenue, San Diego, CA, USA
$7,700,000
$199/SF
Building Size
38,610 SF
Asset Type
Industrial
Closing
Mar 18, 2020
AI
The industrial property located at 5150 University Ave in San Diego has been sold for a price of $7,700,000. The property spans across 38,610 square feet and has a price per square foot of $200. The transaction took place on March 19, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,700,000
- Address: 5150 University Ave, San Diego
- Market: San Diego
The buyer of the property is University Storage, while the seller is Rescue Mission. The deal was facilitated by George Hicker and Michael McFarland from Cardinal Industrial, as well as Matt Weaver and Al Apuzzo from Lee & Associates.
Players
San Diego 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93