Updated Sep 11, 2026
AA U-Stor-M Acquires Industrial Property In Carlsbad For $11.85M
2070 Las Palmas Drive
$11,850,000
$370/SF
Building Size
32,000 SF
Asset Type
Industrial
Closing
Mar 10, 2023
About this deal
AI
The industrial property located at 2070 Las Palmas Drive in Carlsbad has been sold in a transaction. The property spans 32,000 square feet and was sold at a price of $11,850,000, resulting in a price per square foot of $370.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,850,000
- Square Footage: 32,000
- Address: 2070 Las Palmas Drive, Carlsbad
- Market: Carlsbad
The buyer of the property was AA U-Stor-M, while the seller was Ali Nayab. The buyer was represented by Chris Smith, Andrey Mindirgasov, and Peter Hauser from Colliers International and Northmarq respectively. The seller, on the other hand, was represented by Hank Jenkins, Tucker Hohenstein, and Mike Erwin from Colliers International, as well as James Renner from Inland Pacific.
On the Map
$11,850,000
$370/SF
Industrial
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Players
Market 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93