Updated Apr 11, 2025
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
About this deal
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.
On the Map
$138,750,000
$505/SF
MultiFamily
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Carlsbad MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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