Buchanan Street Partners Acquires Industrial Property In Vista For $34M
1340 North Melrose Drive, Vista, California 92083, United States
$34,000,000
$303/SF
Building Size
112,000 SF
Asset Type
Industrial
Closing
Jan 3, 2022
AI
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.
Players
Vista 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93