San Diego County Office Of Education Acquires Industrial Property In San Diego For $12.6M
SOLD
$12,600,000
California
See Similar DealsIndustrial29,442 SF
Sold 09/23/2022
SOLD
San Diego County Office Of Education Acquires Industrial Property In San Diego For $12.6M
7520 Convoy Ct, San Diego, CA 92111, USA
See Similar DealsIndustrial29,442 SF
Sold 09/23/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$428
Total Square Footage:29,442 SF
Transaction Type:Sale
The San Diego County Office of Education has acquired an industrial property located at 7520 Convoy Ct in San Diego, CA. The property, with a total area of 29,442 square feet, was sold by CEG Capital Partners for a total transaction amount of $12,600,000. The price per square foot for the sale was $427.96.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,600,000
- Address: 7520 Convoy Ct, San Diego, CA
- Market: San Diego, CA
The seller's representative in the deal was Evan McDonald, Kurtis Blanchard & Marc Posthumus from Colliers International. They played a crucial role in facilitating the transaction between the buyer and the seller.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$672,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,765.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,730.43
Annual Debt Service$716,765.14
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