Updated May 12, 2025
Kevin Elliott Of Marcus & Millichap Capital Corporation Secures $4.35M Refinance Loan For Industrial Property In Vista
2270 La Mirada Drive
$4,350,000
$906/SF
Building Size
4,800 SF
Asset Type
Industrial
Closing
Apr 21, 2025
About this deal
AI
A 4,800 square foot industrial property located at 2270 La Mirada Drive in Vista, CA, has been refinanced for $4,350,000. The refinancing was organized for an asset leased to Beacon Building Products.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,350,000
- Loan Type: Refinance
- Loan Terms: 10-year loan with a 6.38% interest rate, 30-year amortization period, and 60% loan-to-value
Kevin Elliott from Marcus & Millichap Capital Corporation represented the refinancing deal, securing the loan with a local credit union and ensuring there are no prepayment penalties.
On the Map
$4,350,000
$906/SF
Industrial
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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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93