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2285 Rutherford Rd, Carlsba...

Sale Of 2285 Rutherford Rd Carlsbad For $25.7M With Seller's Representative Billy Dolan
SOLDIndustrial

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

Billy Dolan

Broker

$42.7M

vol

2 deals

Broker

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