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505 South Pacific Street, S...

Stos Partners Sells Industrial Property On South Pacific Street In San Marcos, San Diego For $42.2M
SOLDIndustrial

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

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

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker
Colliers
ColliersBrokerage
Stos Partners
Stos Partners Seller

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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93