Updated May 12, 2025
RojoWood Lumber & Building Supply Purchases Industrial Property From Steel Peak For $3.8M
6975 Camino Maquiladora
$3,800,000
Building Size
—
Asset Type
Industrial
Closing
Apr 23, 2025
About this deal
AI
An industrial outdoor storage property was sold by Steel Peak. The transaction took place at 6975 Camino Maquiladora in San Diego, with a final sale price of $3,800,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Buyer: RJ Merigo - RojoWood Lumber & Building Supply
- Seller: Blake Rodgers - Steel Peak
- Brokers: James Hixson, Rob Hixson & Rabin Salehi - CBRE
This sale marks the first exit from a five-property IOS portfolio in the San Diego region for Steel Peak. Rob Hixson and James Hixson represented the seller, while Rabin Salehi was the representative for the buyer in this transaction.
On the Map
$3,800,000
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93