facebook
Traded Co logo
Submit

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

Property Image
SOLD
$8,700,000

California

See Similar Deals
MultiFamily16,891 SF
Sold 11/05/2024
the dealplayerscompscontact
Property Image
SOLD

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

975 Laguna Drive

See Similar Deals
MultiFamily16,891 SF
Sold 11/05/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$515
Total Square Footage:16,891 SF
Transaction Type:Sale

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
14 deals$88.6M volume
BROKER

James V. Carter
Apartment Realty Group (ARG)
12 deals$60M volume(619) 784-1031
BROKER

Details

SOLD
IMAGE: Neel Pujara, James V. Carter & Angelo La Bruna DATE: 11/05/2024 ADDRESS: 975 Laguna Drive MARKET: Carlsbad ASSET TYPE: Multifamily BUYER: Neel Pujara (@Nrp500) BROKERS: James V. Carter (@JamesvCarter) & Angelo La Bruna (@Angelo_La_Bruna) - Apartment Realty Group (ARG) (@ApartmentRealty) SALE PRICE: $8,700,000 UNITS: 20 ~ PPU: $435,000 SF: 16,891 ~ PPSF: $515 .Carter

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$463,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26