KA Enterprises Acquires Industrial Property In Chula Vista For $6M
SOLD
California
See Similar DealsIndustrial31,302 SF
Sold 08/20/2020
SOLD
KA Enterprises Acquires Industrial Property In Chula Vista For $6M
995 Bay Boulevard, Chula Vista, CA, USA
See Similar DealsIndustrial31,302 SF
Sold 08/20/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:31,302 SF
Transaction Type:Sale
A sale transaction took place in Chula Vista, involving an industrial property located at 995 Bay Boulevard. The property spans 31,302 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $191.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Date: 08/20/2021
- Market: Chula Vista
The buyer in this transaction was KA Enterprises. The deal was facilitated by Ben Tashakorian and Ali Valiahdi from the brokerage firm Marcus & Millichap.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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