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7520 Convoy Ct, San Diego, ...

SOLDIndustrial

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

CP
CEG Capital PartnersSeller

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