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2081 Faraday Avenue

Clay Duvall And David Binswanger Of Lincoln Property Company Lease 157973 Square Feet In Carlsbad
LEASEDIndustrial

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

Aric Starck

Cushman & Wakefield

Broker

$765.4M

vol

16 deals

Broker

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