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7520 Convoy Court, San Dieg...

CEG Capital Partners Acquires Industrial Property In Kearny Mesa, San Diego For $7.2M
SOLDIndustrial

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

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.

Players

Evan McDonald

Colliers

Broker

$174.6M

vol

14 deals

Broker
CP
CEG Capital PartnersBuyer

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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93