Buchanan Street Partners Acquires Industrial Property In Vista For $34M
SOLD
$34,000,000
California
See Similar DealsIndustrial112,000 SF
Sold 01/03/2022
SOLD
Buchanan Street Partners Acquires Industrial Property In Vista For $34M
1340 North Melrose Drive, Vista, California 92083, United States
See Similar DealsIndustrial112,000 SF
Sold 01/03/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$303
Total Square Footage:112,000 SF
Transaction Type:Sale
The industrial property located at 1340 North Melrose Dr. in Vista was recently sold. The property spans approximately 112,000 square feet and is situated in the industrial market. The transaction took place on January 3, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,000,000
The buyer in this transaction was Buchanan Street Partners, represented by Timothy Ballard. On the other hand, the seller was Chicago Capital Funds, represented by Larry Nora.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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