Updated Oct 28, 2024
Black Creek Group Acquires Industrial Property In Vista For $147.5M
277 Rancheros Dr, San Marcos, CA, USA
$147,500,000
$298/SF
Building Size
493,898 SF
Asset Type
Industrial
Closing
Oct 11, 2021
About this deal
AI
Located at 277 Rancheros Dr. in Vista, this industrial property was recently sold in a closed transaction. The property spans 493,898 square feet, with a price per square foot of $298. The deal was finalized on October 11, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $147,500,000
- Market: Vista
- Buyer: Black Creek Group
- Seller: Barings
- Seller's Representative: Bret Hardy, Jim Linn, Andrew Briner, Brunson Howard & Kevin Shannon - Newmark
The transaction involved the buyer, Black Creek Group, and the seller, Barings. Representing Barings in this deal were Bret Hardy, Jim Linn, Andrew Briner, Brunson Howard, and Kevin Shannon from Newmark. This successful closed transaction demonstrates the ongoing activity and value in the industrial market in Vista.
On the Map
$147,500,000
$298/SF
Industrial
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Players
San Marcos 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93