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307 East Carmel Street

Creative Carmel LLC Acquires Mixed-Use Property At 307 East Carmel Street For $6 Million
SOLDMixed-use

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:

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

Isaac Little

Lee & Associates

Broker

$6M

vol

2 deals

Broker

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