Updated Dec 11, 2024
Terra Enterprises Acquires 15.2 Acre Industrial Property In San Diego, CA For $162.1M
5650 Kearny Mesa Road, San Diego, California 92111, United States
$162,100,000
$542,140/SF
Building Size
299 SF
Asset Type
Industrial
Closing
Feb 11, 2022
About this deal
AI
An industrial property located at 5650 Kearny Mesa Road in San Diego, CA has been sold for a price of $162,100,000. The property spans over 15.2 acres and has a total of 299,381 square feet of space. The sale was completed on November 2, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $162,100,000
- Address: 5650 Kearny Mesa Road, San Diego, CA
- Market: San Diego, CA
- Square Footage: 299,381
- Acres: 15.2
The buyer of the property is Terra Enterprises, while the sellers are Lincoln Property Co and Crow Holdings Capital. The deal was facilitated by Kevin Shannon, Andrew Briner, Bret Hardy, Jim Linn, Brunson Howard, and Ken White, who are representatives from Newmark.
On the Map
$162,100,000
$542,140/SF
Industrial
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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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93