facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Industrial

/

Sale

/

3215 Executive Ridge

Old Grove LLC Acquires 102,239 SF Industrial Buildings In Vista For $29.4M
SOLDIndustrial

Old Grove LLC Acquires 102,239 SF Industrial Buildings In Vista For $29.4M

3215 Executive Ridge & 3225 Executive Ridge

$29,400,000

$143/SF

Building Size

204,478 SF

Asset Type

Industrial

Closing

Dec 8, 2023

AI

CBRE has orchestrated the $29.4 million sale of 3215 and 3225 Executive Ridge in Vista, California, to Old Grove LLC, a 1031 exchange buyer. The industrial property consists of two buildings with a total square footage of 102,239. The sale price equates to a price per square foot of $288. The buildings are occupied by BioFilm, Inc., a healthcare product manufacturer. The property's attractive features, such as stable income, a strong credit tenant, and a prime location, contributed to the high demand in the market.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $29,400,000
  • Square Footage: 102,239
  • Price per Square Foot: $288
  • Address: 3215 & 3225 Executive Ridge, Vista, California
  • Market: Vista

The sale of 3215 and 3225 Executive Ridge involved several key individuals and companies. The buyer, Old Grove LLC, completed the transaction through CBRE's representation, specifically Anthony DeLorenzo, Blake Wilson, Matt Harris, Matt Pourcho, and Roger Carlson. On the other hand, DXW LLC was the seller in the deal.

Players

Blake Wilson

CBRE

Broker

$84.7M

vol

5 deals

Broker
OL
Old Grove LLCBuyer

Vista 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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93