Updated Oct 29, 2024
Harbor Associates Acquires Carlsbad Office Buildings For $34.2M
1917 Palomar Oaks Way, Carlsbad, CA, USA
$34,200,000
$192/SF
Building Size
177,917 SF
Asset Type
Office
Closing
Mar 9, 2020
About this deal
AI
Harbor Associates has acquired an office asset located at 1900, 1902, 1903 Wright Place, and 1917 Palomar Oaks Way in Carlsbad. The property spans 177,917 square feet and was sold for a total of $34,200,000. This translates to a price per square foot of $192. The transaction took place on 03/10/2020.
Summary of transation details
- Property Type: Office
- Transaction Amount: $34,200,000
- Square Footage: 177,917
- Price per Square Foot: $192
The buyer, Harbor Associates, acquired the property from the seller, Wasatch Global Investors. The deal was brokered by Rick Reeder, Brad Tecca, Matty Sundberg, and Justin Halenza from Cushman & Wakefield.
On the Map
$34,200,000
$192/SF
Office
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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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93