Strauss Investments Acquires Office Asset From Brookwood Financial Group For $26.5M In Carlsbad
SOLD
$26,500,000
California
See Similar DealsOffice130,019 SF
Sold 10/01/2025
SOLD
Strauss Investments Acquires Office Asset From Brookwood Financial Group For $26.5M In Carlsbad
701 Palomar Airport Road
See Similar DealsOffice130,019 SF
Sold 10/01/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$203
Total Square Footage:130,019 SF
Transaction Type:Sale
This office asset is located at 701 Palomar Airport Road in Carlsbad. The sale transaction was completed for a total of $26,500,000, covering a total square footage of 130,019. The price per square foot amounts to $203.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $26,500,000
- Buyer: Strauss Investments
- Seller: Brookwood Financial Group
- Broker: Brad Tecca - Newmark
Key individuals involved in this transaction include Brad Tecca, Will Strauss, Daniel F. Weiss, and Steven M. Strauss, representing respective parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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