facebook
Traded Co logo
Submit

LaSalle Investment Management Acquires Mixed-Use Property In Otay Mesa For $158.5M

Property Image
SOLD
$158,500,000
Andy Irwin
Joe Anderson
Zachary (Zach) Harman
+ 5

California

See Similar Deals
Mixed-use669,000 SF
Sold 11/04/2021
the dealplayerscompscontact
Property Image
SOLD

LaSalle Investment Management Acquires Mixed-Use Property In Otay Mesa For $158.5M

2001 Sanyo Ave, Otay Mesa, San Diego, CA, USA

See Similar Deals
Mixed-use669,000 SF
Sold 11/04/2021
Andy Irwin
Joe Anderson
Zachary (Zach) Harman
+ 5
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$236
Total Square Footage:669,000 SF
Transaction Type:Sale

The mixed-use property located at 2001, 2055 & 2065 Sanyo Ave. in Otay Mesa has been sold in a recent transaction. The property spans over 37 acres and features various types of commercial and residential spaces.

Summary of transaction details

  • Property Type: Mixed-use
  • Sale Price: $158,500,000
  • Square Footage: 669,000
  • Price Per Square Foot: $236
  • Address: 2001, 2055 & 2065 Sanyo Ave., Otay Mesa
  • Market: Otay Mesa

The buyer of the property is LaSalle Investment Management, while the seller is Murphy Development Co. The transaction was facilitated by Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey & Zach Harman from Cushman & Wakefield, as well as Andy Irwin & Joe Anderson from JLL.

Players

Bryce Aberg
Cushman & Wakefield
Bryce Aberg
18 deals$1.1B volume(858) 546-5462
BROKER
Ed Hernandez
Ed Hernandez
8 deals$589.1M volume
BROKER
Mike Adey
Cushman & Wakefield
Mike Adey
18 deals$1.3B volume
BROKER
Zachary (Zach) Harman
Cushman & Wakefield
Zachary Harman
8 deals$448.5M volume
BROKER
Jeff Chiate
Cushman & Wakefield
Jeff Chiate
38 deals$2.7B volume
BROKER
Joe Anderson
JLL
Joe Anderson
3 deals$196M volume
BROKER
Andy Irwin
JLL
Andy Irwin
3 deals$350.5M volume
BROKER
Jeffrey (Jeff) Cole
Cushman & Wakefield
Jeffrey Cole
22 deals$1.9B volume
BROKER
JLL
JLL
BUYER
MC
Murphy Development Co.
SELLER

Details

SOLD
IMAGE: Zach Harman, Bryce Aberg, Jeff Chiate, Jeffrey Cole, Andy Irwin & Joe Anderson DATE: 11/04/2021 ADDRESS: 2001, 2055 & 2065 Sanyo Ave. MARKET: Otay Mesa ASSET TYPE: Mixed-use ~ ACRES: 37 BUYER: LaSalle Investment Management SELLER: Murphy Development Co. BROKER: Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey & Zach Harman - Cushman & Wakefield; Andy Irwin & Joe Anderson - JLL SALE PRICE: $158,500,000 SF: 669,000 ~ PPSF: $236

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,453,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$563,117.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$751,370.86
Annual Debt Service$9,016,450.36