Updated Aug 13, 2026
Bridge Investment Group Acquires 320 Unit Multifamily Property In Carlsbad For $138.75M
3402 Calle Odessa
$138,750,000
Units
320
Asset Type
MultiFamily
Closing
Aug 15, 2025
About this deal
AI
The asset involved in the transaction is a MultiFamily property located at 3402 Calle Odessa, Carlsbad, CA, consisting of 320 units. The transaction amount for this asset is $138,750,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $138,750,000.00
- Buyer: Bridge Investment Group
- Seller: Nuveen
- Date of Sale: 08/15/2025
- Market: Carlsbad, CA
- Units: 320
The buyer, Bridge Investment Group, has acquired the property from seller Nuveen. This transaction reflects the ongoing activity within the multifamily segment of the real estate market, highlighting the interests of institutional investors in this asset class.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93