facebook
Traded Co logo
Submit

Hyundai Translead Acquires Industrial Asset From Badiee Development For $58 Million In San Diego

Property Image
SOLD
$58,000,000
Jake Rubendall
Rusty Williams
Chris Roth
+ 1

California

See Similar Deals
Industrial1,650,924 SF
Sold 08/21/2024
the dealplayerscompscontact
Property Image
SOLD

Hyundai Translead Acquires Industrial Asset From Badiee Development For $58 Million In San Diego

5761 Airway Road

See Similar Deals
Industrial1,650,924 SF
Sold 08/21/2024
Jake Rubendall
Rusty Williams
Chris Roth
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:1,650,924 SF
Transaction Type:Sale

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

Rusty Williams
Lee & Associates
Rusty Williams
15 deals$231.6M volume
BROKER
Chris Roth
Lee & Associates
Chris Roth
16 deals$231.6M volume
BROKER
Jake Rubendall
Lee & Associates
Jake Rubendall
11 deals$188.8M volume(818) 640-0838
BROKER
Eugene Kim
Lee & Associates
Eugene Kim
5 deals$78.5M volume(818) 444-4919
BROKER

Details

SOLD
IMAGE: Chris Roth, Andrew Kenny, Rusty Williams, Eugene Kim & Jake Rubendall DATE: 08/21/2024 ADDRESS: 5761 Airway Road MARKET: San Diego ASSET TYPE: Industrial BUYER: Hyundai Translead SELLER: Badiee Development BUYER'S REP: Rusty Williams, Chris Roth, Jake Rubendall, Eugene Kim & Andrew Kenny - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $58,000,000 SF: 1,650,924 ~ PPSF: $35 NOTE FROM BROKER: Lee & Associates represented the Buyer on the purchase of 37.9 acres of industrial land for $58,000,000 near the US / Mexico border in Otay Mesa, CA.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,093,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$206,061.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$274,949.59
Annual Debt Service$3,299,395.08