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390 Oak Avenue, Carlsbad, C...

Cushman & Wakefield Brokers Sell Carlsbad Office Building For $6.5M
SOLDOffice

Cushman & Wakefield Brokers Sell Carlsbad Office Building For $6.5M

390 Oak Avenue, Carlsbad, California 92008, United States

$6,500,000

$541/SF

Building Size

12,000 SF

Asset Type

Office

Closing

Jul 10, 2022

AI

California Property Brokers Ltd. has sold an office property located at 390 Oak Ave. in Carlsbad. The transaction was facilitated by brokers Peter Curry and Duncan Dodd from Cushman & Wakefield.

Summary of Transaction Details

  • Property Type: Office
  • Sale Price: $6,500,000
  • Square Footage: 12,000
  • Price per Square Foot: $541
  • Transaction Date: 07/11/2022
  • Market: Carlsbad

The office property at 390 Oak Ave. in Carlsbad was sold for a total price of $6,500,000. It occupies a space of 12,000 square feet, resulting in a price per square foot of $541. The transaction was completed on 07/11/2022 in the Carlsbad market. Peter Curry and Duncan Dodd, representing Cushman & Wakefield, were the brokers involved in the deal.

Players

Peter Curry

Cushman & Wakefield

Broker

$186.1M

vol

17 deals

Broker

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93