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6650 Nancy Ridge Drive, San...

Miramar Capital Acquires Industrial Property In San Diego For $15.9M
SOLDIndustrial

Miramar Capital Acquires Industrial Property In San Diego For $15.9M

6650 Nancy Ridge Drive, San Diego, CA, USA

$15,900,000

$657/SF

Building Size

24,200 SF

Asset Type

Industrial

Closing

Sep 9, 2021

AI

The industrial property located at 6650 Nancy Ridge in San Diego has been sold in a recent transaction. The property covers an area of 24,200 square feet and is situated in the San Diego market. The sale of this industrial asset took place on September 9, 2021.

Summary of transaction details

The deal was facilitated by Nick Psyllos, Grant Schoneman, and Chad Urie from JLL, who represented both the buyer, Miramar Capital, and the seller, Drawbridge Realty. They played a crucial role in ensuring a successful transaction for all parties involved.

Players

Nick Psyllos

JLL

Broker

$306.8M

vol

5 deals

Broker
Miramar Capital
Miramar CapitalBuyer

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

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93