Stos Partners Sells Industrial Property On South Pacific Street In San Marcos, San Diego For $42.2M
505 South Pacific Street, San Marcos, San Diego County, CA, USA
$42,200,000
$371/SF
Building Size
113,500 SF
Asset Type
Industrial
Closing
Jun 28, 2020
AI
Located at 505 South Pacific Street in San Marcos, San Diego, this industrial property was recently sold in a closed transaction. The property spans over 113,500 square feet and was acquired at a sale price of $42,200,000, resulting in a price per square foot of $371.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $42,200,000
- Address: 505 South Pacific Street, San Marcos, San Diego
- Market: San Marcos, San Diego
- Seller: Stos Partners
- Seller's Representative: Darla Longo, Barbara Perrier, Louay Alsadek & Hunter Rowe - CBRE; Bob Willingham - Kidder Matthews
The deal involved various individuals and companies who played key roles in the transaction. CBRE represented the seller, Stos Partners, with a team consisting of Darla Longo, Barbara Perrier, Louay Alsadek, and Hunter Rowe. Additionally, Bob Willingham from Kidder Matthews also represented the seller's interests.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93