Voit Real Estate Services Represents Buyer In $4.5M Carlsbad Retail Sale
711-725 Grand Avenue, Carlsbad, California 92008, United States
$4,500,000
$1,125,000/SF
Building Size
4 SF
Asset Type
Retail
Closing
Jan 12, 2022
AI
The retail property located at 711-725 Grand Ave in Carlsbad, CA was recently sold for a price of $4,500,000. The property covers an area of 4,584 square feet and had a price per square foot of $982.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 711-725 Grand Ave, Carlsbad, CA
- Market: Carlsbad, CA
- Buyer's Rep: Josh Simms & Ryan King - Voit Real Estate Services
- Seller's Rep: Mike Lin - Progressive Real Estate Partners
The buyer in this transaction was represented by Josh Simms & Ryan King from Voit Real Estate Services, while the seller was represented by Mike Lin from Progressive Real Estate Partners.
Players
Carlsbad Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93