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2210 Oak Ridge Way

CBRE Facilitates $24.5M Sale Of Vista Industrial Properties To LA Buyer
SOLDIndustrial

CBRE Facilitates $24.5M Sale Of Vista Industrial Properties To LA Buyer

2210 Oak Ridge Way & 2325 Cousteau Court

$24,500,000

Building Size

Asset Type

Industrial

Closing

Mar 25, 2024

AI

The transaction involves two fully leased industrial properties located at 2210 Oak Ridge Way & 2325 Cousteau Court in Vista, CA. The properties total 6.4 acres and were sold for $24,500,000 to a buyer based in Los Angeles. CBRE oversaw the sale, representing the seller, Oak Ridge Vista, LLC.

Summary of transaction details:

The sale was facilitated by CBRE Investment Properties, with key representatives including Anthony DeLorenzo, Dennis Visser, Matt Harris, Matt Pourcho, and Weston Yahn. The transaction further emphasizes the strong market activity in San Diego's North County submarket.

Players

Anthony DeLorenzo

CBRE

Broker

$2B

vol

119 deals

Broker

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93