Hyundai Translead Acquires Industrial Asset From Badiee Development For $58 Million In San Diego
5761 Airway Road
$58,000,000
$35/SF
Building Size
1,650,924 SF
Asset Type
Industrial
Closing
Aug 21, 2024
AI
The property asset involved in this transaction is an industrial facility located at 5761 Airway Road in the San Diego market. The transaction amount for the sale was $58,000,000, covering a total square footage of 1,650,924 square feet, with a price per square foot of $35.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $58,000,000
- Address: 5761 Airway Road
- Market: San Diego
- Square Footage: 1,650,924
- Price per Square Foot: $35
- Buyer: Hyundai Translead
- Seller: Badiee Development
The deal was represented by Rusty Williams, Chris Roth, Jake Rubendall, and Eugene Kim from Lee & Associates, acting on behalf of the buyer, Hyundai Translead.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93