Luminous & Virtus Acquire Carlsbad Mixed-Use Property For $9.5M

The mixed-use property located at 2290 Cosmos Court in Carlsbad was recently sold in a transaction. The sale was facilitated by brokers Rusty Williams, Chris Roth, and Jake Rubendall from Lee & Associates, along with John Chun and John Marshall from JLL. The buyer of the property was Luminous Capital Management and Virtus Real Estate Capital, while the seller was Excelsior Partners. The sale price for the property was $9,500,000, with a total square footage of 37,300. The price per square foot was $255.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $9,500,000
• Address: 2290 Cosmos Court, Carlsbad
• Market: Carlsbad
• Buyer: Luminous Capital Management & Virtus Real Estate Capital
• Seller: Excelsior Partners
• Brokers: Rusty Williams, Chris Roth, & Jake Rubendall - Lee & Associates; John Chun & John Marshall - JLL
• Square Footage: 37,300
• Price per Square Foot: $255

The sale of this mixed-use property on Cosmos Court in Carlsbad represents a significant transaction in the real estate market. The involvement of reputable brokers from Lee & Associates and JLL highlights the expertise and professionalism brought to the deal. The property's size and price per square foot further demonstrate the value and potential of the asset. Overall, this transaction showcases the active real estate market in Carlsbad and the success of both the buyer and seller in securing a favorable deal.