Updated Oct 28, 2024
Luminous Capital Management And Virtus Real Estate Capital Acquire Mixed-Use Property In Carlsbad For $14M
5931 Priestly Drive, Carlsbad, California 92008, United States
$14,000,000
$264/SF
Building Size
53,000 SF
Asset Type
Mixed-use
Closing
Apr 28, 2022
About this deal
AI
5931 Priestly Dr., a mixed-use property located in Carlsbad, has been sold in a transaction facilitated by Luminous Capital Management, Matt Stephenson, Virtus Real Estate Capital, and Greene Properties. The sale took place on 04/29/2022 for a total price of $14,000,000. The property spans 53,000 square feet, resulting in a price per square foot of $264.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,000,000
- Address: 5931 Priestly Dr.
- Market: Carlsbad
The buyer of the property was Luminous Capital Management, represented by Matt Stephenson and Virtus Real Estate Capital. The seller in this transaction was Greene Properties.
Players
Carlsbad Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse California mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93