Updated Dec 4, 2024
2440 Grand, LLC Acquires 14,973 SF Industrial Building In Vista For $4.24M
2440 Grand Avenue
$4,249,000
$283/SF
Building Size
14,973 SF
Asset Type
Industrial
Closing
Nov 10, 2023
About this deal
AI
2440 Grand, LLC has acquired a 14,973-square-foot industrial building located at 2440 Grand Avenue in Vista for $4.24 million. The property encompasses 2.09 acres and is situated in the Vista market. The sale price of $4.24 million translates to a price per square foot of $284.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,249,000
- Square Footage: 14,973
- Address: 2440 Grand Avenue
- Market: Vista
- Buyer: 2440 Grand, LLC
- Seller: Spencer Industries, LLC
- Buyer's Representative: Billy Long Real Estate Group
- Seller's Representative: Chris Baumgart - JLL
The acquisition of the industrial building at 2440 Grand Avenue will allow 2440 Grand, LLC to expand its commercial kitchen business in support of local San Diego venues. The buyer was represented by Billy Long Real Estate Group, while the seller was represented by Chris Baumgart from JLL.
On the Map
$4,249,000
$283/SF
Industrial
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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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93