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2750 Auto Park Way, Escondi...

Providence Capital Group Acquires Industrial Property In Escondido For $8.25M
SOLDIndustrial

Providence Capital Group Acquires Industrial Property In Escondido For $8.25M

2750 Auto Park Way, Escondido, CA 92029, USA

$8,250,000

$201/SF

Building Size

40,968 SF

Asset Type

Industrial

Closing

Jun 15, 2020

AI

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.

Players

Conor Boyle

Cushman & Wakefield

Broker

$45.6M

vol

4 deals

Broker
PG
Providence Capital GroupBuyer

Tyler Mattox

MCA Realty

Seller

$88.8M

vol

5 deals

Seller

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

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93