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2065 Thibodo Road, Vista, C...

JLL Capital Markets Arranges $27.4M Acquisition Loan For Industrial Property In Vista
FINANCEDIndustrial

JLL Capital Markets Arranges $27.4M Acquisition Loan For Industrial Property In Vista

2065 Thibodo Road, Vista, California 92081, United States

$27,400,000

$356/SF

Building Size

76,872 SF

Asset Type

Industrial

Closing

May 9, 2022

AI

The industrial property located at 2065 Thibodo Road in Vista has recently undergone a loan transaction. The property spans approximately 76,872 square feet and sits on a 4.1-acre plot of land. The loan was secured for the purpose of acquisition.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $27,400,000
  • Date: 05/10/2022
  • Address: 2065 Thibodo Road
  • Market: Vista
  • Landlord: Lincoln Property Co. & Angelo Gordon

The loan was structured with a floating-rate and carries a term of 3 years. The deal was facilitated by the brokers Aldon Cole, Jordan Angel, Daniel Pinkus, and Auden Menke from JLL Capital Markets.

Players

Daniel Pinkus

JLL

Broker

$765.6M

vol

6 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage

Angelo Gordon

Lincoln Property Company

Landlord

$1.8B

vol

23 deals

Landlord

Vista Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93