Long Wharf Capital Acquires Property From Private Investor At 8330 Arjons Dr For $4.2M
SOLD
$4,200,000
+ 1
California
See Similar DealsIndustrial27,510 SF
Sold 08/13/2019
SOLD
Long Wharf Capital Acquires Property From Private Investor At 8330 Arjons Dr For $4.2M
8330 Arjons Dr, San Diego, CA, 92126
See Similar DealsIndustrial27,510 SF
Sold 08/13/2019
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:27,510 SF
Transaction Type:Sale
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.
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BUYER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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