Updated Jan 9, 2025
Eldridge Enterprise Holdings, LLC Acquires Industrial Property At 3226 Grey Hawk Court For $1.736M
3226 Grey Hawk Court
$1,736,000
$394/SF
Building Size
4,397 SF
Asset Type
Industrial
Closing
Jan 8, 2025
About this deal
AI
The property involved in the transaction is a 4,397-square-foot industrial asset located at 3226 Grey Hawk Court in the Carlsbad market. It was sold for $1,736,000, equating to a price per square foot of $395.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,736,000
- Buyer: Eldridge Enterprise Holdings, LLC
- Seller: Grey Hawk 3226, LLC
- Broker: Chris Baumgart - JLL
- Square Footage: 4,397
- Price per Square Foot: $395
- Market: Carlsbad
- Date of Sale: 01/08/2025
Chris Baumgart of JLL represented both the buyer, Eldridge Enterprise Holdings, LLC, and the seller, Grey Hawk 3226, LLC, in this transaction. The buyer intends to utilize the property for an expansion of its communication technology operations in 2025. Chris Baumgart noted the strong demand for owner-occupied real estate in North San Diego County during the fourth quarter.
On the Map
$1,736,000
$394/SF
Industrial
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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
9.14%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93