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AMK Auto Group Acquires 2.9-Acre Industrial Yard In Otay Mesa For $5.84M

Property Image
SOLD
$5,840,000
Ramin Salehi
John Smith
Joseph (Joe) Smith

California

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Industrial
Sold 07/07/2023
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Property Image
SOLD

AMK Auto Group Acquires 2.9-Acre Industrial Yard In Otay Mesa For $5.84M

7680 Paseo De La Fuente San Diego, CA 92154, USA

See Similar Deals
Industrial
Sold 07/07/2023
Ramin Salehi
John Smith
Joseph (Joe) Smith
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

CBE brokered the sale of a 2.9-acre industrial yard located at 7680 Paseo De La Fuente in Otay Mesa, San Diego. The property was sold to AMK Auto Group for a total price of $5,840,000. The industrial yard is move-in ready and offers direct access to the Otay Mesa II Port of Entry.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,840,000
  • Address: 7680 Paseo De La Fuente, San Diego
  • Market: San Diego
  • Acres: 2.9

Ramin Salehi, John Smith, and Joe Smith from CBRE represented both the buyer, AMK Auto Group, and the seller, One Paseo Fuente 7680 LLC, in this transaction.

Players

Ramin Salehi
CBRE
Ramin Salehi
7 deals$39.2M volume(858) 546-2672
BROKER
John Smith
CBRE
John Smith
4 deals$21M volume(619) 696-8360
BROKER
Joseph (Joe) Smith
CBRE
Joseph Smith
11 deals$30.9M volume(619) 696-8325
BROKER

Details

SOLD
IMAGE: Ramin Salehi, John Smith & Joe Smith DATE: 07/07/2023 ADDRESS: 7680 Paseo De La Fuente MARKET: San Diego ASSET TYPE: Industrial ~ ACRES: 2.9 BUYER: AMK Auto Group SELLER: One Paseo Fuente 7680 LLC BROKERS: Ramin Salehi, John Smith & Joe Smith - CBRE (@CBRE) SALE PRICE: $5,840,000 NOTE: CBRE brokered the sale of a 2.9-acre industrial yard in Otay Mesa, San Diego, for $5.84 million to AMK Auto Group. The property is move-in ready and provides direct access to the Otay Mesa II Port of Entry.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$311,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,748.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,684.58
Annual Debt Service$332,214.95