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August 12, 2022
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SOUTHERN CALIFORNIA NEWS
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Carlsbad Office Asset Trades for $550/sf

7/07/22

An 11.8k sf office asset situated on .67 acres and in Carlsbad sold for $6.5 mil ($551/sf). The property is located at 390 Oak Ave, immediately off Carlsbad Village Dr, in the heart of Carlsbad Village.

390 Oak is conveniently situated immediately off Interstate 5, within walking distance to numerous retail, restaurant and service amenities as well as transit. It is also within two blocks of Carlsbad Beach with ocean views. Downtown San Diego and Los Angeles are also easily accessible.

Peter Curry and Duncan Dodd with Cushman & Wakefield’s Private Capital Group represented the buyer, b390 Oak, LLC, a local private investor, and the seller, California Property Brokers Ltd, in the deal.

“The downtown district of Carlsbad Village maintains good momentum as a pedestrian-friendly beachside community with easy access to multiple modes of transportation,” said Curry. “390 Oak is a stable asset in an irreplaceable real estate location. Originally constructed in 1974, the buyer intends to make capital improvements to include upgrading the property’s exterior and overall appearance.”




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