Dangra, Inc. Acquires Industrial Building In Vista For $8.8M
2350 Oak Ridge Way
$8,800,000
$248/SF
Building Size
35,469 SF
Asset Type
Industrial
Closing
Apr 24, 2024
AI
The property involved in the transaction is a 35,469-square-foot Class A industrial building located at 2350 Oak Ridge Way in Vista, California. The asset features both warehouse and office space, with a 24-foot clear height and a rooftop solar system. The sale price of the property was $8.8 million, amounting to a price per square foot of $248.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,800,000
- Acres: 2.54
- Buyer: Dangra, Inc.
- Seller: Hana Roads Holdings, LLC
- Buyer's Representative: Sam Sukut - Matthews Real Estate
- Seller's Representatives: Anthony DeLorenzo, Casey Sterk, Matt Harris & Matt Pourcho - CBRE
The sale of the industrial building was brokered by the seller's representatives, including Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Casey Sterk from CBRE. On the buyer's side, Dangra, Inc. was represented by Sam Sukut of Matthews Real Estate in this transaction.
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93