5889 Oberlin Dr #97, San Diego, CA 92121 – Light Industrial/Manufacturing

IndustrialYear Built 2024Total Assessed Value $131,359,950County San Diego

Property Details

The Industrial property 5889 Oberlin Dr #97, San Diego, CA 92121 is located in San Diego County. The specific property type is Light Industrial/Manufacturing. The total assessed value of this property is $131,359,950.

The gross building area is 99,999 square feet and the land area is 180,338 square feet for this Light Industrial/Manufacturing built in 2024.

Legal description: Lot:30,31 Dist:0020 City/Muni/Twp:San Diego Subd:Lusk Industrial Park Unit #1 Tr 9694 Lot 31*Lot 30& Map Ref:009694

$131,359,950

Market Value

6.15%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeIndustrial

Sub Property TypeLight Industrial/Manufacturing

Building Area99,999

Land Size180,338

Land Value$30,459,950

Improved Value$100,900,000

Total Assessed Value$131,359,950

Year Built2024

County NameSan Diego

Account Number341-322-45-00

Cap Rate6.15%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Number of Units1

Sales History

3/11/2021

Arms-length$25,750,000

Buyer

San Diego Oberlin Llc

Seller

Cpf Oberlin Associates Llc

Book Number

2021.205831

Recording Date

3/11/2021

Transaction Details

San Diego Oberlin Llc acquired the property from Cpf Oberlin Associates Llc through a Arms-length transaction on 3/11/2021 for $25,750,000.

9/28/2018

Arms-length$20,400,000

Buyer

Cpf Oberlin Associates Llc

Seller

Mira Mesa Associates Llc

Book Number

2018-0407139

Recording Date

9/28/2018

Transaction Details

Cpf Oberlin Associates Llc acquired the property from Mira Mesa Associates Llc through a Arms-length transaction on 9/28/2018 for $20,400,000.

9/19/2014

Arms-length$9,150,000

Buyer

Mira Mesa Associates Llc

Seller

5889 Oberlin Drive Associates Llc

Book Number

2014.410605

Recording Date

9/19/2014

Transaction Details

Mira Mesa Associates Llc acquired the property from 5889 Oberlin Drive Associates Llc through a Arms-length transaction on 9/19/2014 for $9,150,000.

7/30/2007

Arms-lengthNot Disclosed

Buyer

5889 Oberlin Drive Associates Llc

Seller

Pacific Starr Sorrento Mesa Llc

Book Number

2007.508790

Recording Date

7/30/2007

Transaction Details

5889 Oberlin Drive Associates Llc acquired the property from Pacific Starr Sorrento Mesa Llc through a Arms-length transaction on 7/30/2007 for .

Property constructed in 2024

YSale Price (USD) byXSales Year

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Mortgage History

11/16/2022

Arms length residential transactions purchase or resales$165,000,000

Borrower

San Diego Oberlin Llc

Lender

Sm Tactical Finance Iii Llc

Book Number

2022.439773

Recording Date

11/16/2022

Transaction Details

San Diego Oberlin Llc borrowed the property from Sm Tactical Finance Iii Llc through a Arms length residential transactions purchase or resales transaction on 11/16/2022 for $165,000,000.

9/28/2018

Reo and trustee deeds$14,600,000

Borrower

Cpf Oberlin Associates Llc

Lender

Bank Of America Na

Book Number

2018.407141

Recording Date

9/28/2018

Transaction Details

Cpf Oberlin Associates Llc borrowed the property from Bank Of America Na through a Reo and trustee deeds transaction on 9/28/2018 for $14,600,000.

10/23/2014

Reo and trustee deeds$11,400,000

Borrower

Mira Mesa Associates Llc

Lender

Jpmorgan Chase Bank Na

Book Number

2014-0461614

Recording Date

10/23/2014

Transaction Details

Mira Mesa Associates Llc borrowed the property from Jpmorgan Chase Bank Na through a Reo and trustee deeds transaction on 10/23/2014 for $11,400,000.

7/30/2007

Helocs both purchase money and non purchase money helocs$8,400,000

Borrower

5889 Oberlin Drive Associates Llc

Lender

Bank Of America Na

Book Number

2007.508791

Recording Date

7/30/2007

Transaction Details

5889 Oberlin Drive Associates Llc borrowed the property from Bank Of America Na through a Helocs both purchase money and non purchase money helocs transaction on 7/30/2007 for $8,400,000.

Property constructed in 2024

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$30,459,950	$100,900,000	$131,359,950	$131,359,950	San Diego Oberlin Ll...	9330 Scranton Rd Ste...	Lot:30,31 Dist:0020 ...	-	Lusk Industrial Park...	180,338	99,999
2023	$28,790,300	-	$28,790,300	$28,790,300	San Diego Oberlin Ll...	9330 Scranton Rd Ste...	LOT:30,31 DIST:0020 ...	-	Lusk Industrial Park...	180,338	551
2022	$26,265,000	-	$26,265,000	$26,265,000	C P F Oberlin Associ...	3000 Airway Ave #200	Lot 31*Lot 30&\	-	LUSK INDUSTRIAL PARK...	180,338	-
2021	-	-	-	-	C P F Oberlin Associ...	3000 Airway Ave #200	Lot 31*Lot 30&\	-	Lusk Industrial Park...	187,090	60,551
2020	$7,344,000	$13,464,000	$20,808,000	$20,808,000	C P F Oberlin Associ...	3000 Airway Ave #200	Lot 31*Lot 30&\	-	Lusk Industrial Park...	187,090	60,551
2019	$7,200,000	$13,200,000	$20,400,000	-	Cpf Oberlin Associat...	3000 Airway Ave	TR 9694 LOT 31*LOT 3...	-	LUSK INDUSTRIAL PARK...	180,338	60,551
2018	$5,809,463	$6,092,650	$11,902,113	-	Cpf Oberlin Associat...	3000 Airway Ave	009694 LOT 31*LOT 30...	-	LUSK INDUSTRIAL PARK...	180,338	60,551
2017	$5,695,552	$3,779,775	$9,475,327	-	Mira Mesa Associates...	1501 Quail St	009694 LOT 31*LOT 30...	-	LUSK INDUSTRIAL PARK...	180,338	58,701
2016	$5,583,875	$3,705,662	$9,289,537	-	Mira Mesa Associates...	1501 Quail St	009694 LOT 31*LOT 30...	-	LUSK INDUSTRIAL PARK...	180,338	58,701
2015	$5,500,000	$3,650,000	$9,150,000	-	Mira Mesa Associates...	2211 Michelson Dr	009694 LOT 31*LOT 30...	-	LUSK INDUSTRIAL PARK...	180,338	58,701

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	5889 Oberlin Dr #97, San Diego, CA 92121	—	-	180,338	2024	99,999	$ 131,359,950	$ 30,459,950	-
Crxi Smbc Seller Llc	6749 Top Gun St, San Diego, CA 92121	08/14/2025	$ 32,750,000	81,892	1997	33,186	$ 6,627,257	$ 2,356,567	Lift Iii Top Gun Llc
Comerica Bank	6868 Nancy Ridge Dr, San Diego, CA 92121	06/30/2025	$ 1,000,000	239,144	1983	17,932	$ 3,122,447	$ 1,649,595	Top Ridge 6868 Llc
Wintrust Bank Na	11391 Sorrento Valley Rd, San Diego, CA 92121	06/06/2025	$ 20,000,000	63,162	1976	17,040	$ 6,970,680	$ 5,722,200	Ustorit Torrey Pines Llc
Umpqua Bank	9151 Rehco Rd, San Diego, CA 92121	04/22/2025	$ 12,550,000	205,603	1987	67,856	$ 14,644,669	$ 7,640,697
Us Bank National Association	8475 Commerce Ave, San Diego, CA 92121	04/15/2025	$ 1,880,000	4,809	0	4,745	$ 1,058,416	$ 475,618	Jm Retail Sales La Jolla Llc
California Coast Credit Union	6740 Cobra Way, San Diego, CA 92121	03/14/2025	$ 5,400,000	148,540	1998	9,999	$ 12,882,658	$ 3,250,071	Chase Terrace Llc
6665 Nancy Ridge Llc	6665 Nancy Ridge Dr, San Diego, CA 92121	03/13/2025	$ 1,200,000	4,624	1990	7,321	$ 3,329,280	$ 1,664,640	Class & Talent Entertainment Llc
Preferred Bank	10540 Heater Ct, San Diego, CA 92121	03/03/2025	$ 11,207,000	95,396	1996	36,936	$ 9,649,816	$ 5,897,110	Grambo And Gramcracker Llc
German American Cap Corp	3050 Science Park Rd, San Diego, CA 92121	02/28/2025	$ 45,000,000	97,138	2021	55,102	$ 40,674,015	$ 8,858,604
C3bank National Association	6130 Nancy Ridge Dr, San Diego, CA 92121	02/04/2025	$ 4,100,000	24,394	0	13,941	$ 1,453,042	$ 358,300	Heritage Nancy Ridge Llc

Mean$ 45,780,395

Median$ 2,986,500.0

Loan Amount Range$ 274,000 - $ 940,534,000

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