Stos Partners Sells Industrial Property In Carlsbad, San Diego For $13M
SOLD
California
See Similar DealsIndustrial70,224 SF
Sold 03/11/2021
SOLD
Stos Partners Sells Industrial Property In Carlsbad, San Diego For $13M
6212 Corte Del Abeto, Carlsbad, CA, USA
See Similar DealsIndustrial70,224 SF
Sold 03/11/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$185
Total Square Footage:70,224 SF
Transaction Type:Sale
The industrial property located at 6212 Corte Del Abeto in Carlsbad, San Diego has been sold for a price of $13,000,000. The property spans an area of 70,224 square feet, resulting in a price per square foot of $185. The sale took place on March 11, 2021.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $13,000,000
- Address: 6212 Corte Del Abeto, Carlsbad, San Diego
- Market: Carlsbad, San Diego
- Square Footage: 70,224
- Price per Square Foot: $185
The sale was facilitated by Greg Pieratt, Rusty Williams, and Chris Roth from Lee & Associates, who represented the seller, Stos Partners.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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