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
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93