Updated Feb 24, 2025
Seven Hills Realty Trust Provides $24.8M Refinance Loan For Carlsbad Office Property
5910 Priestly Drive, Carlsbad, CA, USA
$24,800,000
$253/SF
Building Size
98,000 SF
Asset Type
Office
Closing
Nov 2, 2021
About this deal
AI
Located at 5910 Priestly Drive in Carlsbad, this office property spans approximately 98,000 square feet. The property was recently involved in a loan transaction.
Summary of transation details
- Property Type: Office
- Transaction Amount: $24,800,000
The lender in this transaction was Seven Hills Realty Trust, represented by Tom Lorenzini. The loan amount for this deal was $24,800,000, and it was classified as a refinance. The loan terms included a 3-year initial term, with two 1-year extension options.
The office loan at 5910 Priestly Drive, Carlsbad, CA, USA in Carlsbad, California financed for $24.8M in 2021. The building is 98,000 square feet, implying about 253 per square foot on the published price. Thomas (Tom) Lorenzini, Tremont Realty Capital appear on the loan alongside Tremont Realty Capital. This page is the Carlsbad, California file for the 5910 Priestly Drive, Carlsbad, CA, USA office financed: pricing, party profiles, and other closed office comps from the same Carlsbad sit in the Market section below. Filter that Carlsbad office set by closing date to see what else financed near 5910 Priestly Drive, Carlsbad, CA, USA around 2021. Published consideration for 5910 Priestly Drive, Carlsbad, CA, USA is $24.8M, dated 2021. Cite this Seven Hills Realty Trust Provides $24.8M Refinance Loan For Carlsbad Office Property loan when underwriting similar office product around Carlsbad, California.
Carlsbad Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93