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
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