Cushman & Wakefield Brokers Sell Carlsbad Office Building For $6.5M
SOLD
$6,500,000
California
See Similar DealsOffice12,000 SF
Sold 07/11/2022
SOLD
Cushman & Wakefield Brokers Sell Carlsbad Office Building For $6.5M
390 Oak Avenue, Carlsbad, California 92008, United States
See Similar DealsOffice12,000 SF
Sold 07/11/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$541
Total Square Footage:12,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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