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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Michael Arougheti - Ares Industrial Management
- Tenant: WESCO & Packaging Solutions
- Landlord's Representative: Aric Starck & Drew Dodds - Cushman & Wakefield
- Tenant's Representatives: Eric Walker, Justin Walseth & Rich Porreco - Cresa; Evan McDonald - Colliers
- Lease Details: WESCO signed for 123,270 square feet and Packaging Solutions for 34,019 square feet
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
Vista Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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