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:
- Property Type: Industrial
- Transaction Amount: $24,500,000
- Address: 2210 Oak Ridge Way & 2325 Cousteau Court
- Market: Vista
- Seller: Oak Ridge Vista, LLC
- Brokers: Anthony DeLorenzo, Dennis Visser, Matt Harris, Matt Pourcho & Weston Yahn - CBRE
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
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