Updated Nov 3, 2026
SOLDOffice
Will Matthew Strauss, Steven M. Strauss & Daniel F. Weiss Acquire Office Asset In Carlsbad For $23.25M
5901 Priestly Drive
$23,250,000
$237/SF
Building Size
97,823 SF
Asset Type
Office
Closing
Oct 27, 2026
About this deal
AI
The property involved in the transaction is an office asset located at 5901 Priestly Drive in Carlsbad. It was sold for a total of $23,250,000, encompassing a total square footage of 97,823. The price per square foot for this sale amounted to $237.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,250,000
- Square Footage: 97,823
- Address: 5901 Priestly Drive
- Market: Carlsbad
- Buyer: Will Matthew Strauss, Steven M. Strauss & Daniel F. Weiss - Strauss Investments
- Seller: Hill Companies
- Broker: Mathias Sundberg - Cushman & Wakefield
The individuals involved in this transaction include buyers Will Matthew Strauss, Steven M. Strauss, and Daniel F. Weiss, representing Strauss Investments. Hill Companies, the seller, facilitated the deal with the assistance of broker Mathias Sundberg from Cushman & Wakefield.
On the Map
$23,250,000
$237/SF
Office
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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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93