Updated Oct 28, 2024
CEG Capital Partners Acquires Industrial Property In Kearny Mesa, San Diego For $7.2M
7520 Convoy Court, San Diego, California 92111, United States
$7,200,000
$244/SF
Building Size
29,442 SF
Asset Type
Industrial
Closing
Dec 30, 2021
About this deal
AI
The industrial property located at 7520 Convoy Ct. in Kearny Mesa, San Diego has been sold. The property spans 29,442 square feet and was sold for a total price of $7,200,000, resulting in a price per square foot of $244. The transaction took place on December 30, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 7520 Convoy Ct., Kearny Mesa, San Diego
- Market: Kearny Mesa, San Diego
The buyer in this transaction is CEG Capital Partners. The deal was facilitated by the brokers Marc Posthumus, Kurtis Blanchard, and Evan McDonald of Colliers International.
On the Map
$7,200,000
$244/SF
Industrial
View full map
Players
San Diego Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc Posthumus to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93