San Diego County Office Of Education Acquires Industrial Property In San Diego For $12.6M
7520 Convoy Ct, San Diego, CA 92111, USA
$12,600,000
$428/SF
Building Size
29,442 SF
Asset Type
Industrial
Closing
Sep 23, 2022
AI
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
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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93