Miramar Capital Acquires Industrial Property In San Diego For $15.9M
SOLD
$15,900,000
California
See Similar DealsIndustrial24,200 SF
Sold 09/09/2021
SOLD
Miramar Capital Acquires Industrial Property In San Diego For $15.9M
6650 Nancy Ridge Drive, San Diego, CA, USA
See Similar DealsIndustrial24,200 SF
Sold 09/09/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$657
Total Square Footage:24,200 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$847,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,374.11
Annual Debt Service$904,489.34
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