Updated Oct 28, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: $20,000,000
- Buyer: Miramar Capital
- Seller: MCR Aston LLC
- Broker: Rick Reeder & Brad Tecca - Cushman & Wakefield
- Market: Carlsbad
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
Carlsbad 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93