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101 Copperwood Way, Oceansi...

CB Copperwood LLC Acquires Property At 101 Copperwood Way Oceanside For $20.5M
SOLDIndustrial

CB Copperwood LLC Acquires Property At 101 Copperwood Way Oceanside For $20.5M

101 Copperwood Way, Oceanside, CA...

$20,500,000

$145/SF

Building Size

140,945 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is an industrial park located at 101 Copperwood Way, Oceanside, CA. The property, known as Copperwood Center, was sold for $20.5 million. It encompasses a total area of 140,945 square feet and consists of eight buildings. The industrial park includes 350 parking spaces and is currently 97 percent leased to 64 tenants, with suite sizes ranging from 886 to 7,397 square feet.

Summary of transaction details:

  • Property Type: Industrial Park
  • Transaction Amount: $20,500,000.00
  • Address: 101 Copperwood Way, Oceanside, CA
  • Market: Oceanside
  • Buyer: CB Copperwood, LLC
  • Seller: Focus Real Estate Group
  • Buyer's Representative: Paul Lafrenz, Josh McFayden, and Joe Crotty - Colliers International
  • Seller's Representative: Doug Mack, Gary Stache - CBRE
  • Broker: Matt Pourcho - CBRE
  • Total Square Footage: 140,945
  • Total Parking Spaces: 350
  • Occupancy Rate: 97%
  • Number of Tenants: 64
  • Tenant Suite Sizes: Ranging from 886 to 7,397 square feet

The transaction was represented by a Colliers International team consisting of Paul Lafrenz, Josh McFayden, and Joe Crotty for the buyer, CB Copperwood, LLC. The seller, Focus Real Estate Group, was advised by CBRE’s Doug Mack, Gary Stache, and Matt Pourcho. This deal reflects a significant investment in the North San Diego industrial market.

Players

Doug Mack

CBRE

Broker

$251.1M

vol

20 deals

Broker

Oceanside Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93