EverWest Real Estate Investors Acquires Miramar Industrial Property For $17.3M
SOLD
$17,300,000
California
See Similar DealsIndustrial55,000 SF
Sold 05/13/2022
SOLD
EverWest Real Estate Investors Acquires Miramar Industrial Property For $17.3M
9431 Dowdy Drive, San Diego, California 92126, United States
See Similar DealsIndustrial55,000 SF
Sold 05/13/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$314
Total Square Footage:55,000 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$922,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91
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