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2768 Loker Ave W, Carlsbad,...

Island Batik Acquires Industrial Property In Carlsbad For $3.1M With Buyer's Rep Conor Boyle & Tyler Stemley - Colliers And Seller's Rep Baumgart & Steven Field - JLL
SOLDIndustrial

Island Batik Acquires Industrial Property In Carlsbad For $3.1M With Buyer's Rep Conor Boyle & Tyler Stemley - Colliers And Seller's Rep Baumgart & Steven Field - JLL

2768 Loker Ave W, Carlsbad, CA, USA

$3,095,000

$210/SF

Building Size

14,725 SF

Asset Type

Industrial

Closing

Jan 26, 2021

AI

Island Batik has purchased an industrial property located at 2768 Loker Ave. West in Carlsbad. The property spans approximately 14,725 square feet and was sold for a price of $3,095,000, resulting in a price per square foot of $210.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,095,000
  • Address: 2768 Loker Ave. West, Carlsbad
  • Market: Carlsbad

The buyer, Island Batik, was represented by Conor Boyle and Tyler Stemley from Colliers. On the other hand, Baumgart and Steven Field from JLL served as the seller's representatives.

Players

Conor Boyle

Cushman & Wakefield

Broker

$45.6M

vol

4 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

5.13%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93