The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 18, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Principals from Peregrine Realty Partners Buy 65k sf Office Building in Carlsbad

2/01/19

Carlsbad Airport Plaza, a three-story, 64.8k sf office property in Carlsbad, sold for $14 mil, or $216/sf. The buyer was a limited partnership controlled by the principals of commercial real estate firm Peregrine Realty Partners.

Located at 5963 La Place Court, the building features newly renovated common areas and restrooms, balconies for select suites as well as new landscaping, and is occupied by a diverse tenant mix including technology, healthcare, finance, and engineering firms. The property was 86% occupied at the time of sale.

CBRE’s Louay Alsadek and Hunter Rowe represented the seller, Swift Real Estate Partners, which had acquired the property as part of a portfolio transaction in 2016. Peregrine represented itself.

Positive momentum during the second half of last year positioned the greater San Diego area office market well ahead of where it was in 2017 regarding net absorption, asking rates and vacancy, according to CBRE research. As the leading North San Diego office submarket, Carlsbad has accounted for approximately 70% of North County’s absorption since 2017.





Return to the Archive page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media