|
|
8/21/18
|
A fully leased 20.3k sf industrial building in Carlsbad sold for $3.545 mil, or $175/sf. The freestanding property, located at 2721 Loker Ave West, off Palomar Airport Rd, was acquired by a private investor.
2721 Loker is composed of approximately 50% office and 50% warehouse, and has three grade doors. The office improvements feature a mix of window-lined private offices, multiple conference/meeting areas and large open collaborative spaces.
Dennis Visser and Chris Baumgart of Cushman & Wakefield’s San Diego office represented the seller, CJ3 LLC. Baumgart also repped the buyer.
“North County remains a very attractive location for industrial users, investors and developers, and 2721 provided a great opportunity to acquire an irreplaceable asset in a highly desirable Carlsbad location,” said Baumgart. “Recently painted, the building offers a high-image corporate identity with modern high-end improvements, and features an outdoor patio, an abundance of natural light, lush tropical landscaping, and sustainable energy qualifications.”
According to Cushman & Wakefield’s latest midyear report, North County industrial vacancy was 5.9% in the second quarter of 2018, achieving more than 371k sf of occupancy growth through the first six months of the year. Carlsbad, with a vacancy of 9.2%, has alone accumulated nearly 360k sf of industrial occupancy growth through the first half of 2018, and currently has over 1 msf of new industrial inventory under construction.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
