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3209 Lionshead Ave, Carlsba...

EverWest Advisors Acquires Industrial Property In Carlsbad For $25.25M
SOLDIndustrial

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

Aric Starck

Cushman & Wakefield

Broker

$765.4M

vol

16 deals

Broker
Blue Vista Capital Management
Blue Vista Capital ManagementSeller

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