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Miramar, San Diego, Califor...

Lincoln Property Company West Inc. & Brasa Capital Management Acquire 3.56 Acre Industrial Property In Miramar For $13.8M
SOLDIndustrial

Lincoln Property Company West Inc. & Brasa Capital Management Acquire 3.56 Acre Industrial Property In Miramar For $13.8M

Miramar, San Diego, California, United States

$13,800,000

$769/SF

Building Size

17,931 SF

Asset Type

Industrial

Closing

Jan 14, 2022

AI

An industrial property located in Miramar, spanning across 3.56 acres, was recently sold. The property, with a total area of 17,931 square feet, was purchased by Lincoln Property Company West Inc. and Brasa Capital Management for a sale price of $13,800,000. The transaction took place on January 14, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,800,000
  • Square Footage: 17,931
  • Market: Miramar

Evan McDonald, Tucker Hohenstein, and Mike Erwin from Colliers represented Lincoln Property Company West Inc. and Brasa Capital Management in this deal.

Players

Evan McDonald

Colliers

Broker

$174.6M

vol

14 deals

Broker
BM
Brasa Capital ManagementBuyer

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

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93