Updated Oct 29, 2024
LBA Logistics Acquires 7.1 Acre Industrial Property In San Diego For $46.3M
5959 Santa Fe Street, San Diego, California 92109, United States
$46,300,000
$353,435/SF
Building Size
131 SF
Asset Type
Industrial
Closing
Apr 17, 2023
About this deal
AI
The industrial property located at 5959 Santa Fe Street in San Diego, CA has been sold. The property spans over 7.1 acres and is part of the industrial market in San Diego.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $46,300,000
- Address: 5959 Santa Fe Street, San Diego, CA
- Market: San Diego, CA
The buyer of the property is LBA Logistics. The transaction was facilitated by brokers Matt Carlson, Hunter Rowe, Sean Williams, Roger Carlson, Barbara Perrier, and Joe Cesta from CBRE. They represented the buyer in the deal.
The property measures approximately 131,299 square feet, and the price per square foot amounts to $353.
On the Map
$46,300,000
$353,435/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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93