Updated Dec 4, 2024
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
About this deal
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.
On the Map
$8,700,000
$515/SF
MultiFamily
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Players
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