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2850, 2855 & 2859 Gazelle C...

Oxford Properties Group Acquires School In Carlsbad, CA For $258.4M
SOLDSchool

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

Todd Tydlaska

Colliers

Broker

$1.8B

vol

29 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage
Oxford Properties Group
Oxford Properties GroupBuyer

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