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
- Property Type: Industrial
- Sale Price: $15,900,000
- Price per Square Foot: $657
- Buyer: Miramar Capital
- Seller: Drawbridge Realty
- Broker: Nick Psyllos, Grant Schoneman & Chad Urie - JLL
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
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