Updated Oct 14, 2025
Strauss Investments Acquires Office Asset From Brookwood Financial Group For $26.5M In Carlsbad
701 Palomar Airport Road
$26,500,000
$203/SF
Building Size
130,019 SF
Asset Type
Office
Closing
Oct 1, 2025
About this deal
AI
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.
On the Map
$26,500,000
$203/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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93