1241 Carlsbad Village Drive Office Sold For $2.73M With Commercial Asset Advisors' Brian Jenkins & Gino Kalasho
SOLD
$2,730,000
California
See Similar DealsOffice6 SF
Sold 06/01/2023
SOLD
1241 Carlsbad Village Drive Office Sold For $2.73M With Commercial Asset Advisors' Brian Jenkins & Gino Kalasho
1241 Carlsbad Village Drive, Carlsbad, California 92008, United States
See Similar DealsOffice6 SF
Sold 06/01/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$455,000
Total Square Footage:6 SF
Transaction Type:Sale
The office property located at 1241 Carlsbad Village Drive in Carlsbad has been sold for $2,730,000. The transaction took place on January 6, 2023. The property spans a total of 6,288 square feet, resulting in a price per square foot of $434.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,730,000
- Date: January 6, 2023
- Address: 1241 Carlsbad Village Drive
- Market: Carlsbad
The buyer in this transaction was 1241 Carlsbad Village Drive, LLC, while the seller was The Yocum Family Trust. The deal was facilitated by Brian Jenkins & Gino Kalasho of Commercial Asset Advisors acting as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,699.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,941.59
Annual Debt Service$155,299.11
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