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LPC West Acquires Industrial Property In Carlsbad For $19M

Property Image
SOLD
$19,000,000
Weston Yahn
Dennis Visser
Jake Rubendall
+ 3

California

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Industrial63,000 SF
Sold 06/22/2022
the dealplayerscompscontact
Property Image
SOLD

LPC West Acquires Industrial Property In Carlsbad For $19M

1695 Faraday Avenue, Carlsbad, California 92008, United States

See Similar Deals
Industrial63,000 SF
Sold 06/22/2022
Weston Yahn
Dennis Visser
Jake Rubendall
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$301
Total Square Footage:63,000 SF
Transaction Type:Sale

An industrial property located at 1695 Faraday Avenue in Carlsbad has been sold for $19,000,000. The property spans 63,000 square feet, resulting in a price per square foot of $301. The sale took place on June 22, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $19,000,000
  • Address: 1695 Faraday Avenue, Carlsbad
  • Market: Carlsbad

The buyer in this transaction is LPC West, represented by Benjamin Bucci and Angelo Gordon. They acquired the property from the seller, SMAC Corporation. Multiple brokers were involved in the deal, including Jake Rubendall, Chris Roth, and Rusty Williams from Lee & Associates, as well as Dennis Visser and Weston Yahn from Cushman & Wakefield.

Players

Rusty Williams
Lee & Associates
Rusty Williams
15 deals$231.6M volume
BROKER
Chris Roth
Lee & Associates
Chris Roth
16 deals$231.6M volume
BROKER
Jake Rubendall
Lee & Associates
Jake Rubendall
11 deals$188.8M volume(818) 640-0838
BROKER
Weston Yahn
CBRE
Weston Yahn
5 deals$111.6M volume
BROKER
Dennis Visser
CBRE
Dennis Visser
7 deals$147M volume
BROKER
AG
Angelo Gordon
23 deals$1.8B volume
BUYER
LW
LPC West
BUYER

Details

SOLD
IMAGE: Adam Schwartz DATE: 06/22/2022 ADDRESS: 1695 Faraday Avenue MARKET: Carlsbad ASSET TYPE: Industrial BUYER: LPC West - Benjamin Bucci & Angelo Gordon SELLER: SMAC Corporation BROKERS: Jake Rubendall, Chris Roth & Rusty Williams - Lee & Associates (@LeeAssociatesRE) (@LeeAndAssociates); Dennis Visser & Weston Yahn - Cushman & Wakefield (@CushWake) SALE PRICE: $19,000,000 SF: 63,000 ~ PPSF: $301

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

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32