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
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