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11/01/13
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A 26.8k sf industrial/R&D building in Carlsbad sold for $5.6 mil ($209/sf). The building is located at 3182 Lionshead Ave, north of Palomar Airport Rd and east of Melrose Dr.
Taylor Made Golf currently leases the building and will continue to occupy it for a remaining three-year lease. The building is located in the Carlsbad Raceway Business Park and was built in 2007.
Adam Molnar of Colliers International and Greg Lewis of CBRE represented the seller, Gathering Storm Properties LLC. Henry Wildermuth Sr. and Jonathan Garvey of Available Properties Inc repped the buyer, Corsair Properties LP, who purchased the building for investment purposes.
“Increased demand for industrial/R&D investment properties has grown to be a prominent market trend in North County,” said Molnar, Senior Vice President of Colliers International. “Investment sales are outpacing owner-occupied sales two to one, year-to-date for properties larger than 20k sf.”
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