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277 Rancheros Dr, San Marco...

Black Creek Group Acquires Industrial Property In Vista For $147.5M
SOLDIndustrial

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

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

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.

Players

Bret Hardy

Newmark

Broker

$1.2B

vol

18 deals

Broker
Black Creek Group
Black Creek GroupBuyer
Barings
BaringsSeller

San Marcos Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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