The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 27, 2021
 Search RENTV
   Go!
 The REview
 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
Elion Partners Buys 72k sf Carlsbad Facility from Rexford Industrial for $18.6 Mil

10/06/21

Newton Corporate Center, a 71.6k sf, multi-tenant, industrial/R&D building in Carlsbad, has sold in a transaction valued at $18.6 mil, or $260/sf. The facility sits on approximately 4.45 acres at 5803 Newton Dr, off Faraday Ave just west of El Camino Real.

The property is 100% leased to four tenants with 2.8 years of weighted average lease term. Built in 1997 and renovated in 2009 and 2016, the property has benefited from institutional ownership over the past 13 years and is currently configured with 50% office and 50% warehouse space, which is ideal for the demand in the Carlsbad submarket.

The property is also ideally located in the prominent Carlsbad Research Center, a 50-acre master-planned innovation park, which provides a high-image corporate setting for the tenants with visibility from Faraday Avenue and ease of access to Interstate 5.

Bret Hardy, Sean Fulp, Ryan Plummer and Mark Schuessler with Newmark represented the seller, Rexford Industrial. The buyer, Elion Partners, was repped by Greg Pieratt of Lee & Associates.

“Newton Corporate Center is the quintessential Carlsbad R&D property with equal parts office and warehouse,” said Plummer. “This type of product isn’t being developed today, creating future supply constraints in a submarket where flex industrial demand continues to increase.”




Return to the previous 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 © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media