Updated Feb 28, 2025
LaSalle Investment Management Acquires Mixed-Use Property In Otay Mesa For $158.5M
2001 Sanyo Ave, Otay Mesa, San Diego, CA, USA
$158,500,000
$236/SF
Building Size
669,000 SF
Asset Type
Mixed-use
Closing
Nov 4, 2021
About this deal
AI
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.
On the Map
$158,500,000
$236/SF
Mixed-use
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Players
San Diego Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93