Providence Capital Group Acquires Industrial Property In Escondido For $8.25M
SOLD
$8,250,000
+ 2
California
See Similar DealsIndustrial40,968 SF
Sold 06/16/2020
SOLD
Providence Capital Group Acquires Industrial Property In Escondido For $8.25M
2750 Auto Park Way, Escondido, CA 92029, USA
See Similar DealsIndustrial40,968 SF
Sold 06/16/2020
+ 2
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$201
Total Square Footage:40,968 SF
Transaction Type:Sale
Providence Capital Group has acquired an industrial property located at 2750 Auto Park Way in Escondido. The transaction, facilitated by Colliers International brokers Evan McDonald, Tucker Hohenstein, Michael Kendall, and Conor Boyle, saw the property change hands for a total price of $8,250,000. Spanning an area of 40,968 square feet, the property was sold by MCA Realty, with Tyler Mattox representing the seller.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $8,250,000
- Square Footage: 40,968
- Price per Square Foot: $201
- Address: 2750 Auto Park Way, Escondido
- Market: Escondido
Providence Capital Group successfully acquired the industrial property located at 2750 Auto Park Way in Escondido, facilitated by Colliers International brokers Evan McDonald, Tucker Hohenstein, Michael Kendall, and Conor Boyle. The property, sold by MCA Realty and represented by Tyler Mattox, spans a total area of 40,968 square feet and was purchased for a total price of $8,250,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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