Sale Of 2285 Rutherford Rd Carlsbad For $25.7M With Seller's Representative Billy Dolan
2285 Rutherford Rd, Carlsbad, CA, 92...
$25,700,000
$199/SF
Building Size
128,745 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property located at 2285 Rutherford Rd, Carlsbad, CA, was sold for $25,700,000.00. This R&D and manufacturing facility spans 128,745 square feet and was built in 1990 as part of the Carlsbad Research Center. The two-story building includes four dock-high loading doors, four grade-level doors, and provides 342 parking spaces. At the time of the transaction, the property was vacant and is situated on a 6.5-acre lot adjacent to McClellan-Palomar Airport, which caters to North County San Diego.
Summary of transaction details:
- Property Type: R&D and manufacturing
- Transaction Amount: $25,700,000.00
- Address: 2285 Rutherford Rd, Carlsbad, CA
- Market: Carlsbad
- Square Footage: 128,745
- Seller's Representative: Billy Dolan
- Buyer: Unknown
Representing the seller in this transaction were Roger Carlson, Bill Dolan, and Blake Wilson from CBRE. The buyer was coordinated by an outside firm, whose details remain undisclosed.
Players
Carlsbad 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93