Oxford Properties Group Acquires School In Carlsbad, CA For $258.4M
2850, 2855 & 2859 Gazelle Court
$258,400,000
$1,033/SF
Building Size
250,000 SF
Asset Type
School
Closing
Oct 25, 2022
AI
The property involved in the transaction is a school located at 2850, 2855 & 2859 Gazelle Court in Carlsbad, CA. The property spans across 18.4 acres.
Summary of transaction details
- Property Type: School
- Transaction Amount: $258,400,000
- Square Footage: 250,000
- Price Per Square Foot: $1,034
- Market: Carlsbad, CA
- Buyer: Oxford Properties Group - Tycho Suter
- Seller: Ionis Pharmaceutical
- Lender: Credit Agricole
- Mortgage Brokers: James Millon, Zack Holderman & Roger Carlson - CBRE
The buyer in this transaction is Oxford Properties Group represented by Tycho Suter. The seller is Ionis Pharmaceutical. The deal was facilitated by brokers Matthew Carlson, Hunter Rowe, Todd Tydlaska, Anthony Hayes, and Jared Pimm from CBRE. Credit Agricole served as the lender, with mortgage brokers James Millon, Zack Holderman, and Roger Carlson also from CBRE involved in the transaction.
Players
San Diego School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93