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

Property Image
SOLD
$9,500,000
Jake Rubendall
John Chun
+ 2

California

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Mixed-use37,300 SF
Sold 01/31/2022
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Property Image
SOLD

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

2290 Cosmos Court, Carlsbad, California 92011, United States

See Similar Deals
Mixed-use37,300 SF
Sold 01/31/2022
Jake Rubendall
John Chun
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$254
Total Square Footage:37,300 SF
Transaction Type:Sale

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.

Players

Rusty Williams
15 deals$231.6M volume
BROKER

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

John Chun
JLL
20 deals$1.1B volume
BROKER

Jake Rubendall
Lee & Associates
11 deals$188.8M volume(818) 640-0838
BROKER

John Marshall
JLL
7 deals$440.2M volume
BROKER

BUYER


Details

SOLD
IMAGE: Chris Roth, John Chun, Rusty Williams, John Marshall & Jake Rubendall DATE: 01/31/2022 ADDRESS: 2290 Cosmos Court MARKET: Carlsbad ASSET TYPE: Mixed-use 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 SALE PRICE: $9,500,000 SF: 37,300 ~ PPSF: $255

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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