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December 10, 2017
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SAN DIEGO NEWS
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Local Investor Pays $400/sf for Carlsbad Mixed-Use Property

9/25/17

A multi-tenant office and retail mixed-use property in the coastal San Diego County city of Carlsbad sold for $2.7 mil ($409/sf). The asset, located at 2659 State St, is located one block from the Carlsbad Village Coaster station and two blocks from beach in the heart of the Carlsbad Village.

Amy McNamara of Colliers International represented the buyer, 2659 State Partners LLC and the seller, Sgueglia Vincent & Nina Family Trust in this off-market deal. Both parties are from the local area.

“The buyer plans to modernize and activate this property, which was originally constructed in 1974,” said McNamara. “There has been consistent revitalization of older properties in the Carlsbad Village, which will continue for years to come and further enhance its vibrant neighborhood experience.”




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