Updated Jan 28, 2025
Ryan Adjnasian And Mark Blumenthal Of Partners Capital Inc Acquire Industrial Property For $15M
464 Calle Primera, 494 Calle Primera, 524 Calle Primera & 2325 Via Tercero
$15,000,000
$53/SF
Building Size
69,530 SF
Asset Type
Industrial
Closing
Jan 21, 2025
About this deal
AI
The transaction involves an industrial property situated at 464, 494, 524 Calle Primera & 2325 Via Tercero in the San Ysidro market. The property has a total square footage of 69,530 and was sold for $15,000,000, translating to a price per square foot of $215.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Buyer: Ryan Adjnasian & Mark Blumenthal - Partners Capital Inc
- Seller: Alex Martin
- Brokers: Matt Harris & Matt Pourcho - CBRE
- Mortgage Broker: Jonathan Hakakha - Quantum Capital Partners
Ryan Adjnasian and Mark Blumenthal represented Partners Capital Inc as the buyers in this transaction, while Alex Martin acted as the seller. The brokerage services were provided by Matt Harris and Matt Pourcho from CBRE, and the financing was arranged through Jonathan Hakakha of Quantum Capital Partners.
On the Map
$15,000,000
$53/SF
Industrial
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Players
San Ysidro 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93