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Dangra, Inc. Acquires Industrial Building In Vista For $8.8M

Property Image
SOLD
$8,800,000
Sam Sukut
Matt Harris
+ 2

California

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Industrial35,469 SF
Sold 04/24/2024
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Property Image
SOLD

Dangra, Inc. Acquires Industrial Building In Vista For $8.8M

2350 Oak Ridge Way

See Similar Deals
Industrial35,469 SF
Sold 04/24/2024
Sam Sukut
Matt Harris
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$248
Total Square Footage:35,469 SF
Transaction Type:Sale

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:

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

Anthony DeLorenzo
117 deals$2B volume
BROKER

Matt Pourcho
CBRE
48 deals$650.7M volume
BROKER

Matt Harris
CBRE
28 deals$349M volume
BROKER

Sam Sukut
3 deals$24.6M volume
BROKER

Casey Sterk
CBRE
5 deals$75.5M volume(760) 525-0993
BROKER

Details

SOLD
IMAGE: 04/24/2024 ADDRESS: 2350 Oak Ridge Way MARKET: Vista ASSET TYPE: Industrial ~ ACRES: 2.54 BUYER: Dangra, Inc. SELLER: Hana Roads Holdings, LLC BUYER'S REP: Sam Sukut - Matthews Real Estate SELLER'S REP: Anthony DeLorenzo, Casey Sterk, Matt Harris & Matt Pourcho - CBRE SALE PRICE: $8,800,000 SF: 35,469 ~ PPSF: $248 NOTE: CBRE brokered the sale of a 35,469-square-foot Class A industrial building in Vista, Calif., for $8.8 million, with Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Casey Sterk representing the seller, Hana Roads Holdings, LLC. The property, located at 2350 Oak Ridge Way, features warehouse and office space, boasting a 24-foot clear height and a rooftop solar system, and was purchased by Dangra, Inc., represented by Sam Sukut at Matthews Real Estate.

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

$469,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87