Updated Oct 28, 2024
Intersection Diversified Value Fund Sells Carlsbad Office Building For $24.75M
5900 La Place Court, Carlsbad, California 92008, United States
$24,750,000
$302/SF
Building Size
81,965 SF
Asset Type
Office
Closing
Jul 14, 2022
About this deal
AI
The office building located at 5900-5950 La Place Court in Carlsbad has been sold for a price of $24,750,000. The property spans a total of 81,965 square feet, resulting in a price per square foot of $301. The sale was completed on 07/15/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $24,750,000
- Address: 5900-5950 La Place Court
- Market: Carlsbad
The sellers of the property were Intersection Diversified Value Fund represented by Rocco Cortese and Mark Hoekstra. The transaction was facilitated by Henry Zahner, Steven Jacobson, and Steve Gildred from Intersection CRE.
On the Map
$24,750,000
$302/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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93