Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
April 22, 2024
309-Unit Apartment Property Opens in Phoenix
April 22, 2024
City: Carlsbad
5781 Van Allen Way
GC Net Lease issued $7.8 million of operating partnership units to the sellers and assumed a $34.4 million mortgage that pays a fixed rate of 5.8 percent and matures in 2016. The loan was provided by JPMorgan Chase Bank.
Floral Trade Center/5600 Avendia Encinas
98 percent leased.
Ocean Ridge/5796 Armada Drive
69 percent leased.
2544 and 2548 Campbell Place
Moderna funded the acquisition with $18.5 million of mortgage debt provided by a conduit lender. The property is fully leased.
Carlsbad Corporate Plaza
95 percent leased. Davlyn bought the property through its DGLP Real Estate Investment Fund.
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