Updated Dec 6, 2024
Stos Partners Acquires Industrial Property In San Marcos For $18.9M
505 S Pacific St, San Marcos, CA, USA
$18,900,000
$141/SF
Building Size
133,500 SF
Asset Type
Industrial
Closing
Apr 20, 2020
About this deal
AI
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.
On the Map
$18,900,000
$141/SF
Industrial
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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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93