Clay Duvall And David Binswanger Of Lincoln Property Company Lease 157973 Square Feet In Carlsbad
2081 Faraday Avenue
Building Size
157,973 SF
Asset Type
Industrial
Closing
Nov 25, 2024
AI
The property asset involved in this transaction is an industrial facility located at 2081 Faraday Avenue in Carlsbad, California. This Class A industrial headquarters encompasses a total area of 157,973 square feet. The premises have recently been leased by Lincoln Property Company to an undisclosed tenant who is expanding operations in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 157,973
- Address: 2081 Faraday Avenue
- Market: Carlsbad
- Landlord: Clay Duvall & David Binswanger - Lincoln Property Company
- Brokers: Aric Starck & Drew Dodds - Cushman & Wakefield
The transaction features notable individuals in the commercial real estate sector, specifically Clay Duvall and David Binswanger representing Lincoln Property Company as the landlords. Aric Starck and Drew Dodds from Cushman & Wakefield acted as the brokers representing the landlord in this long-term leasing arrangement.
Players
Carlsbad Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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