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3402 Calle Odessa

Colin Apple Of Bridge Investment Group Acquires Carlsbad Multifamily From Sean Gulian Of Nuveen For $138.75M
SOLDMultiFamily

Colin Apple Of Bridge Investment Group Acquires Carlsbad Multifamily From Sean Gulian Of Nuveen For $138.75M

3402 Calle Odessa

$138,750,000

$505/SF

Building Size

274,688 SF

Asset Type

MultiFamily

Closing

Apr 7, 2025

AI

The multifamily property located at 3402 Calle Odessa in Carlsbad has been sold for a total price of $138,750,000. This asset comprises 320 units within a total square footage of 274,688. The price per unit stands at $433,593, while the price per square foot is recorded at $505.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $138,750,000
  • Units: 320
  • Square Footage: 274,688
  • Price Per Unit: $433,593
  • Price Per Square Foot: $505
  • Buyer: Colin Apple - Bridge Investment Group
  • Seller: Sean Gulian - Nuveen
  • Seller's Representative: Hunter Combs - Walker & Dunlop

Colin Apple represents Bridge Investment Group as the buyer in this transaction, while Sean Gulian represents Nuveen as the seller. Hunter Combs acted as the representative for the seller through Walker & Dunlop, ensuring the deal proceeded smoothly.

Players

Hunter Combs

Walker & Dunlop

Broker

$1.6B

vol

14 deals

Broker
Nuveen
NuveenSeller

Carlsbad MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93