Elion Partners Acquires Carlsbad Mixed-use Property For $18.6M
SOLD
$18,600,000
+ 2
California
See Similar DealsMixed-use71,602 SF
Sold 09/27/2021
SOLD
Elion Partners Acquires Carlsbad Mixed-use Property For $18.6M
5803 Newton Dr, Carlsbad, CA, USA
See Similar DealsMixed-use71,602 SF
Sold 09/27/2021
+ 2
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$259
Total Square Footage:71,602 SF
Transaction Type:Sale
The mixed-use property located at 5803 Newton Dr. in Carlsbad has been sold in a recent transaction. The property spans across approximately 4.45 acres and offers a total of 71,602 square feet of space. The sale took place on September 27, 2021, and the property was purchased for a total price of $18,600,000, resulting in a price per square foot of $259. The buyer of the property was Elion Partners, while the seller was Rexford Industrial.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,600,000
The buyer of the property was represented by Greg Pieratt from Lee & Associates. On the other hand, the seller was represented by Bret Hardy, Sean Fulp, Ryan Plummer, and Mark Schuessler, all from Newmark.
Players
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$991,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,081.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,173.49
Annual Debt Service$1,058,081.87
Is there something missing? Send suggestions