facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

1808 Aston Ave, Carlsbad, C...

Miramar Capital Acquires Carlsbad Office Property For $20M
SOLDOffice

Miramar Capital Acquires Carlsbad Office Property For $20M

1808 Aston Ave, Carlsbad, CA, USA

$20,000,000

$241/SF

Building Size

82,972 SF

Asset Type

Office

Closing

Dec 10, 2021

AI

The property involved in this transaction is an office space located at 1808 Aston Ave in Carlsbad. It spans across 8.7 acres and has a total square footage of 82,972. The transaction took place on 12/10/2021.

Summary of transaction details:

The buyer in this transaction is Miramar Capital, while the seller is MCR Aston LLC. The brokers involved in the deal are Rick Reeder and Brad Tecca, representing Cushman & Wakefield.

Players

Brad Tecca

Newmark

Broker

$503.3M

vol

17 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Miramar Capital
Miramar CapitalBuyer

Carlsbad Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93