Chris Nelson & Ben Turner Sell Industrial Property In San Diego For $3.35M
SOLD
$3,350,000
California
See Similar DealsIndustrial10 SF
Sold 12/21/2022
SOLD
Chris Nelson & Ben Turner Sell Industrial Property In San Diego For $3.35M
9874 Via De La Amistad, San Diego, California 92154, United States
See Similar DealsIndustrial10 SF
Sold 12/21/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$335,000
Total Square Footage:10 SF
Transaction Type:Sale
The industrial property located at 9874 Via De La Amistad in San Diego, was recently sold for a total price of $3,350,000. The property spans across a total area of 10,140 square feet, resulting in a price per square foot of $330. The transaction took place on December 21, 2022, and was facilitated by the seller, Chris Nelson & Ben Turner, representing IPCRE, Inc, and the buyer's representative, DBA Inland Pacific.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,350,000
- Square Feet: 10,140
- Price per Square Foot: $330
The seller's representatives for this transaction were Ben Tashakorian, Peter Eltaeb, Ali Waliahdi, and Conor Brennan, who are associated with Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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