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December 11, 2017
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SAN DIEGO NEWS
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Carlsbad Office Property Financed with New $41 Mil Loan

10/04/17

Cruzan has obtained $41.2 mil in financing for make, a 176.9k sf, high-utility office campus in Carlsbad. Located at 5600 Avenida Encinas, the property was redeveloped from industrial to high utility office space that houses strong corporate tenants.

Situated just 400 yards from the ocean, the property features an outdoor amphitheater, Copa Vida café, Move fitness facility, resort-style locker room facilities, outdoor work spaces, common area WI-FI, a fire feature, bike sharing program, horseshoes and more.

Mark McGovern, Scott Peterson and Brian Cruz with CBRE Capital Markets’ Debt & Structured Finance team secured the three-year, floating-rate loan through a regional debt fund.




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