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2760 Progress Street

WESCO And Packaging Solutions Lease 157289 SF At North County Corporate Center In Vista CA
LEASEDIndustrial

WESCO And Packaging Solutions Lease 157289 SF At North County Corporate Center In Vista CA

2760 Progress Street & 2765 Progress Street

Building Size

314,578 SF

Asset Type

Industrial

Closing

May 5, 2025

AI

The industrial property located at 2760 Progress Street & 2765 Progress Street in Vista encompasses a total of 157,289 square feet. The asset is part of the North County Corporate Center, consisting of five buildings totaling 493,898 square feet within a Class A industrial park.

Summary of transaction details:

Cushman & Wakefield represented the landlord Ares Industrial Management in both leasing transactions at the site. The deals involved WESCO and Packaging Solutions leasing space at the industrial park in Vista, CA.

Players

Evan McDonald

Colliers

Broker

$174.6M

vol

14 deals

Broker
Michael Arougheti

Michael Arougheti

Landlord

$6.1B

vol

34 deals

Landlord

Vista Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93