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975 Laguna Drive

Neel Pujara Purchases Multifamily Property At 975 Laguna Drive In Carlsbad For $8.7M
SOLDMultiFamily

Neel Pujara Purchases Multifamily Property At 975 Laguna Drive In Carlsbad For $8.7M

975 Laguna Drive

$8,700,000

$515/SF

Building Size

16,891 SF

Asset Type

MultiFamily

Closing

Nov 5, 2024

AI

The property involved in this transaction is a multifamily asset located at 975 Laguna Drive in Carlsbad. The sale price for the property was $8,700,000, consisting of 20 units with a price per unit of $435,000. The total square footage of the asset is 16,891, resulting in a price per square foot of $515.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,700,000
  • Units: 20
  • Price Per Unit: $435,000
  • Square Footage: 16,891
  • Price Per Square Foot: $515
  • Buyer: Neel Pujara
  • Brokers: James V. Carter & Angelo La Bruna - Apartment Realty Group (ARG)

Neel Pujara is the buyer of this multifamily property, and the transaction was facilitated by brokers James V. Carter and Angelo La Bruna, who represent Apartment Realty Group (ARG) in this deal.

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker

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

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93