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
$5,840,000
Building Size
—
Asset Type
Industrial
Closing
Jul 7, 2023
AI
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
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93