Wimatex Acquires Office Buildings In Vista & Carlsbad, CA For $13.9M
SOLD
$13,900,000
California
See Similar DealsOffice70 SF
Sold 05/12/2022
SOLD
Wimatex Acquires Office Buildings In Vista & Carlsbad, CA For $13.9M
1800 Thibodo Road, Vista, California 92081, United States
See Similar DealsOffice70 SF
Sold 05/12/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$198,571
Total Square Footage:70 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$741,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10
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