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

Property Image
SOLD
$24,500,000
Dennis Visser
Matt Harris
+ 2

California

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Industrial
Sold 03/25/2024
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Property Image
SOLD

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

2210 Oak Ridge Way & 2325 Cousteau Court

See Similar Deals
Industrial
Sold 03/25/2024
Dennis Visser
Matt Harris
+ 2
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Summary

CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale

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
116 deals$2B volume
BROKER

Matt Pourcho
CBRE
48 deals$650.7M volume
BROKER

Matt Harris
CBRE
28 deals$349M volume
BROKER

Weston Yahn
CBRE
5 deals$111.6M volume
BROKER

Dennis Visser
CBRE
7 deals$147M volume
BROKER

Details

SOLD
IMAGE: 03/25/2024 ADDRESS: 2210 Oak Ridge Way & 2325 Cousteau Court MARKET: Vista ASSET TYPE: Industrial ~ ACRES: 6.4 SELLER: Oak Ridge Vista, LLC BROKERS: Anthony DeLorenzo, Dennis Visser, Matt Harris, Matt Pourcho & Weston Yahn - CBRE SALE PRICE: $24,500,000 NOTE: CBRE Investment Properties oversaw the $24.5 million sale of two fully leased industrial properties in Vista, CA, to a Los Angeles-based buyer. Led by Matt Pourcho, Anthony DeLorenzo, and Matt Harris, CBRE represented the seller, Oak Ridge Vista, LLC, highlighting strong market activity in San Diego's North County submarket.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99