Updated Sep 10, 2026
John Heusner Of Pacific Rim Mechanical Acquires Industrial Building From Phil Belling For $17.78M
9125 Rehco Road
$17,780,000
$292/SF
Building Size
60,786 SF
Asset Type
Industrial
Closing
Sep 8, 2026
About this deal
AI
The industrial building at 9125 Rehco Road in San Diego spans 60,786 square feet and was sold for $17,780,000, which translates to a price per square foot of approximately $293. This asset was acquired in a competitive submarket, underscoring the owner-user acquisition trend in the Mira Mesa/Miramar area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,780,000
- Buyer: John Heusner - Pacific Rim Mechanical
- Seller: Phil Belling - LBA Logistics
- Square Footage: 60,786
- Price per Square Foot: $293
- Market: San Diego, CA
John Heusner represented Pacific Rim Mechanical in this transaction, acquiring the property from Phil Belling, who represented LBA Logistics. This deal reflects a strategic move for Pacific Rim to secure long-term control over its operational facility.
On the Map
$17,780,000
$292/SF
Industrial
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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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93