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237 East Valley Parkway

Elijah Rosenberg Purchases Industrial Property From Chris Cordova In Escondido For $1.8M
SOLDIndustrial

Elijah Rosenberg Purchases Industrial Property From Chris Cordova In Escondido For $1.8M

237 East Valley Parkway

$1,800,000

$256/SF

Building Size

7,007 SF

Asset Type

Industrial

Closing

Feb 11, 2025

AI

The industrial property located at 237 East Valley Parkway in Escondido has been sold for a transaction amount of $1,800,000. The property encompasses a total area of 7,007 square feet, translating to a price per square foot of $256.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Address: 237 East Valley Parkway
  • Market: Escondido
  • Broker: Jake Plewa - Re/Max
  • Buyer: Elijah Rosenberg
  • Seller: Chris Cordova

Elijah Rosenberg purchased the property from Chris Cordova, with Jake Plewa serving as the broker representing the seller in this closed transaction. The sale highlights the collaboration between the involved parties in the industrial real estate sector.

Players

Jake Plewa

Re/Max

Broker

$78.8M

vol

17 deals

Broker

Escondido 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93