Mariste Enterprises LP Acquires Industrial Property From Hale Holdings LP/Raymer Properties LP For $11.5M
410 North Avenue
Building Size
59,757 SF
Asset Type
Industrial
Closing
May 11, 2026
AI
An industrial property comprising 59,757 square feet located at 410, 414 & 416 Dale Avenue in Escondido, CA was sold for $11,500,000. This area is recognized for its suitability for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,500,000
- Address: 410, 414 & 416 Dale Avenue
- Market: Escondido, CA
- Square Footage: 59,757
- Price Per Square Foot: $192
- Buyer: Mariste Enterprises LP
- Seller: Hale Holdings LP/Raymer Properties LP
- Brokers: Marko Dragovic, Isaac Little, Olivia Baffert, Ryan Turnquist & Mathew Skogebo - Lee & Associates
The transaction was facilitated by Lee & Associates, with a team that included Marko Dragovic, Isaac Little, Olivia Baffert, Ryan Turnquist, and Mathew Skogebo representing the seller. Notably, Ne-Mo’s Bakery has been a long-term occupant of this facility since its completion in 1975, indicating its established operation in baking, food processing, warehousing, and distribution.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93