Creative Carmel LLC Acquires Mixed-Use Property At 307 East Carmel Street For $6 Million
307 East Carmel Street
$6,000,000
$325/SF
Building Size
18,452 SF
Asset Type
Mixed-use
Closing
May 19, 2025
AI
A mixed-use property located at 307 East Carmel Street in San Marcos was sold for $6,000,000. The asset encompasses 18,452 square feet and sits on 1.8 acres. The price per square foot for the transaction was $325.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 307 East Carmel Street
- Market: San Marcos
- Asset Size: 18,452 SF
- Price Per Square Foot: $325
- Buyer: Creative Carmel LLC
- Seller: 307 E Carmel LLC
- Seller's Representatives: Isaac Little, Marko Dragovic & Olivia Baffert - Lee & Associates
- Buyer's Brokers: Russ Jabara & Shaun Espino - San Diego Commercial Realty Services
Creative Carmel LLC acquired the property, with the transaction facilitated by notable brokers from their respective firms. Lee & Associates' Marko Dragovic, Isaac Little, and Olivia Baffert represented the seller, while Russ Jabara and Shawn Espino represented the buyer in this deal.
Players
San Marcos Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93