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9431 Dowdy Drive, San Diego...

EverWest Real Estate Investors Acquires Miramar Industrial Property For $17.3M
SOLDIndustrial

EverWest Real Estate Investors Acquires Miramar Industrial Property For $17.3M

9431 Dowdy Drive, San Diego, California 92126, United States

$17,300,000

$314/SF

Building Size

55,000 SF

Asset Type

Industrial

Closing

May 12, 2022

AI

An industrial property located at 9431 Dowdy Dr. in Miramar has been sold for a total price of $17,300,000. The property spans 55,000 square feet, resulting in a price per square foot of $314. The transaction took place on May 13, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $17,300,000
  • Address: 9431 Dowdy Dr.
  • Market: Miramar

The buyer of the property is EverWest Real Estate Investors, while the seller is Stos Partners. The seller was represented by Bryce Aberg, Brant Aberg, and Zachary Harman from Cushman & Wakefield.

By closing this deal, EverWest Real Estate Investors has acquired an industrial property in Miramar, expanding its real estate portfolio. On the other hand, Stos Partners has successfully sold the property with the help of Bryce Aberg, Brant Aberg, and Zachary Harman from Cushman & Wakefield. This transaction represents a significant investment opportunity in the industrial market of Miramar.

Players

Brant Aberg

Cushman & Wakefield

Broker

$112.2M

vol

10 deals

Broker
Stos Partners
Stos Partners Brokerage
EverWest Real Estate Investors
EverWest Real Estate InvestorsBuyer
Stos Partners
Stos Partners Seller

San Diego Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93