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Stos Partners Acquires Industrial Property In San Marcos For $18.9M

Property Image
SOLD
$18,900,000

California

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Industrial133,500 SF
Sold 04/21/2020
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Property Image
SOLD

Stos Partners Acquires Industrial Property In San Marcos For $18.9M

505 S Pacific St, San Marcos, CA, USA

See Similar Deals
Industrial133,500 SF
Sold 04/21/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$141
Total Square Footage:133,500 SF
Transaction Type:Sale

The industrial property located at 505 S. Pacific St in San Marcos has been sold. The transaction took place on April 21, 2020, for a total price of $18,900,000. The property spans an area of 113,500 square feet, resulting in a price per square foot of $166. The buyer in this transaction was Stos Partners. Representing the buyer was Bob Willingham from Kidder Mathews.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $18,900,000
  • Square Feet: 113,500
  • Price per Square Foot: $166
  • Buyer: Stos Partners
  • Broker: Bob Willingham - Kidder Mathews

This transaction showcases the demand for industrial properties in San Marcos. Stos Partners, along with their broker representative Bob Willingham from Kidder Mathews, made a strategic investment in this property, recognizing its potential value in the market.

Players

Bob Willingham
Kidder Mathews
Bob Willingham
4 deals$104M volume
BROKER
Stos Partners
Stos Partners
BROKERAGE
Stos Partners
Stos Partners
BUYER

Details

SOLD
IMAGE: Bob Willingham DATE: 04/21/2020 ADDRESS: 505 S. Pacific St MARKET: San Marcos ASSET TYPE: Industrial BUYER: Stos Partners BROKER: Bob Willingham - Kidder Mathews PRICE: $18,900,000 SF: 113,500 ~ PPSF: $166

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,008,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,147.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,595.64
Annual Debt Service$1,075,147.71