EverWest Advisors Acquires Industrial Property In Carlsbad For $25.25M
3209 Lionshead Ave, Carlsbad, CA, USA
$25,250,000
$337/SF
Building Size
74,774 SF
Asset Type
Industrial
Closing
Feb 16, 2021
AI
Located at 3209 Lionshead Ave in Carlsbad, this industrial property was recently sold in a transaction on February 17, 2021. The property spans 74,774 square feet and was sold for a total price of $25,250,000, resulting in a price per square foot of $337. The property is situated in a thriving market, making it an attractive investment opportunity.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $25,250,000
- Address: 3209 Lionshead Ave, Carlsbad
- Market: Carlsbad
The buyer in this transaction was EverWest Advisors, while Graymark Capital and Blue Vista Capital Management acted as the sellers. The deal was facilitated by the team of Rick Reeder, Aric Starck, Brad Tecca, and Drew Dodds from Cushman & Wakefield, who represented the respective parties in the transaction.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93