Wimatex Acquires Office Buildings In Vista & Carlsbad, CA For $13.9M
1800 Thibodo Road, Vista, California 92081, United States
$13,900,000
$198,571/SF
Building Size
70 SF
Asset Type
Office
Closing
May 12, 2022
AI
The sale of an office property in Vista & Carlsbad, CA has been completed. The property is located at 1800 Thibodo Road & 1959 Palomar Oaks Way. The transaction was carried out by Thibodo LLC and CCSD LLC, who sold the property to Wimatex. The office building spans a total of 70,262 square feet. The sale price for the property was $13,900,000, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,900,000
- Address: 1800 Thibodo Road & 1959 Palomar Oaks Way
- Market: Vista & Carlsbad, CA
- Buyer: Wimatex
- Seller: Thibodo LLC & CCSD LLC
- Brokers: Aric Starck, Drew Dodds & Matty Sundberg - Cushman & Wakefield
- Square Footage: 70,262
- Price Per Square Foot: $198
The deal was facilitated by Aric Starck, Drew Dodds, and Matty Sundberg from Cushman & Wakefield, who represented the buyer and seller in the transaction.
Players
Vista Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93