Updated Nov 28, 2024
Hines Acquires Industrial Property In San Diego For $77.3M
7725 Otay Mesa Road, San Diego, California 92154, United States
$77,300,000
$336/SF
Building Size
229,680 SF
Asset Type
Industrial
Closing
Jun 9, 2022
About this deal
AI
The industrial property located at 7725 Otay Mesa Road and 1965 Continental St. in San Diego has been sold for a total price of $77,300,000. The property spans a total of 229,680 square feet and has been acquired by Hines.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $77,300,000
- Address: 7725 Otay Mesa Road & 1965 Continental St., San Diego
- Market: San Diego
- Square Footage: 229,680
- Price Per Square Foot: $336
The seller in this deal was Murphy Development Co., represented by Cushman & Wakefield. Hines was the buyer in this transaction.
On the Map
$77,300,000
$336/SF
Industrial
View full map
Players
San Diego Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Hines to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93