Updated Dec 4, 2024
Buchanan Street Partners Acquires Industrial Property In Chula Vista For $26.4M
3296 Heritage Rd, Chula Vista, CA, USA
$26,400,000
$277/SF
Building Size
95,000 SF
Asset Type
Industrial
Closing
Aug 23, 2020
About this deal
AI
Located at 3296 Heritage Rd. in Chula Vista, this industrial property has recently been sold in a closed transaction. The property spans across 95,000 square feet and has been acquired by Buchanan Street Partners for a sale price of $26,400,000. The price per square foot is approximately $277. The seller in this transaction was HomeFed Corporation.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $26,400,000
- SF: 95,000
- PPSF: $277
- Buyer: Buchanan Street Partners - Feerooz Yacoobi
- Seller: HomeFed Corporation
Feerooz Yacoobi, representing Buchanan Street Partners, played a key role as the buyer's representative in this transaction. His expertise and negotiation skills contributed to the successful acquisition of this industrial property in Chula Vista.
Players
Chula Vista 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93