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8330 Arjons Dr, San Diego, ...

Long Wharf Capital Acquires Property From Private Investor At 8330 Arjons Dr For $4.2M
SOLDIndustrial

Long Wharf Capital Acquires Property From Private Investor At 8330 Arjons Dr For $4.2M

8330 Arjons Dr, San Diego, CA, 92126

$4,200,000

$152/SF

Building Size

27,510 SF

Asset Type

Industrial

Closing

Aug 13, 2019

AI

A vacant 27,510-square-foot industrial building was sold at 8330 Arjons Drive, San Diego, CA 92126, within the San Diego market for $4,200,000. The property, purchased from a private investor, will undergo various upgrades including a new roof, new façade, parking lot improvements, updated landscape plan, and interior renovations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,200,000.00
  • Address: 8330 Arjons Dr, San Diego, CA, 92126
  • Square Footage: 27,510
  • Seller: Private Investor
  • Buyer: Long Wharf Capital
  • Seller's Representative: Jason Smithson - NAI Partners

The transaction involved Long Wharf Capital as the buyer, with Jason Smithson representing the seller, a private investor. Upgrades planned for the property indicate a strategic move by the new owners to enhance its value and functionality in the industrial market.

Players

Brant Aberg

Cushman & Wakefield

Broker

$112.2M

vol

10 deals

Broker
Long Wharf Capital
Long Wharf CapitalBuyer

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93