Updated Oct 28, 2024
LPC West Acquires Industrial Property In Carlsbad For $19M
1695 Faraday Avenue, Carlsbad, California 92008, United States
$19,000,000
$301/SF
Building Size
63,000 SF
Asset Type
Industrial
Closing
Jun 21, 2022
About this deal
AI
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
Carlsbad Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Weston Yahn to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93