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2200 Faraday Avenue

Updated Dec 10, 2024

IDEC Corporation Purchases Mixed-Use Asset In Carlsbad From Hill Companies For $49.5 Million
SOLDMixed-use

IDEC Corporation Purchases Mixed-Use Asset In Carlsbad From Hill Companies For $49.5 Million

2200 Faraday Avenue

$49,500,000

$212/SF

Building Size

233,194 SF

Asset Type

Mixed-use

Closing

Dec 3, 2024

About this deal

AI

The asset involved in the transaction is a mixed-use property located at 2200 Faraday Avenue in Carlsbad. The sale price for the property was $49,500,000, encompassing 233,194 square feet of space, which translates to a price per square foot of $212.

Summary of transaction details:

In this transaction, Cushman & Wakefield provided advisory services to Hill Companies during the sale of Studio 2200. IDEC Corporation intends to relocate its operation from Silicon Valley to this facility and plans to lease out part of the space to existing tenants.

On the Map

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$49,500,000

$212/SF

Mixed-use

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Players

Aric Starck

Cushman & Wakefield

Broker

$765.4M

vol

17 deals

Broker
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Carlsbad Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $212 per square foot on a published $49.5M for 233,194 square feet (2024).

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Browse Carlsbad mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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