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Stos Partners Sells Industrial Property In Carlsbad, San Diego For $13M

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SOLD
$13,000,000

California

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Industrial70,224 SF
Sold 03/11/2021
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Property Image
SOLD

Stos Partners Sells Industrial Property In Carlsbad, San Diego For $13M

6212 Corte Del Abeto, Carlsbad, CA, USA

See Similar Deals
Industrial70,224 SF
Sold 03/11/2021
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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

Greg Pieratt
4 deals$55.1M volume
BROKER

Rusty Williams
Lee & Associates
15 deals$231.6M volume
BROKER

Chris Roth
Lee & Associates
16 deals$231.6M volume
BROKER

Stos Partners
SELLER

Details

SOLD
IMAGE: Greg Pieratt, Rusty Williams, Chris Roth, Jason Richards, Jay Boyle & CJ Stos DATE: 03/11/2021 ADDRESS: 6212 Corte Del Abeto MARKET: Carlsbad, San Diego ASSET TYPE: Industrial SELLER: @StosPartners BROKERS: Greg Pieratt, Rusty Williams & Chris Roth - Lee & Associates SALE PRICE: $13,000,000 SF: 70,224 ~ PPSF: $185

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Deal Type
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