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10/31/25
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Carlsbad Pacific Center, a three-building, 130k sf Class A office campus in Carlsbad, was purchased by Strauss Investments in a $26.5 mil ($204/sf) transaction. The property, located at 701-705 Palomar Airport Rd, was sold by Brookwood Financial.
Carlsbad Pacific Center is situated in a coastal location west of Interstate 5, offering tenants and visitors walkable access to nearby beaches, amenities and recreational opportunities. The project benefits from Carlsbad's dynamic office market, which blends lifestyle appeal with a diverse economic base anchored by leading companies in technology, life sciences, software, action sports, clean tech/energy and professional services. It was 85.5% leased at the time of sale.
Brad Tecca and Rick Reeder represented both parties in the transaction. The acquisition marks a strategic addition to Strauss Investments' portfolio in the region, which includes Carlsbad Executive Plaza, The Plaza I & II and Wright Place.
"The interest in Carlsbad Pacific Center signals continued improvement in the capital markets and ongoing investor confidence in quality office projects across San Diego, particularly in Carlsbad," said Tecca. "This transaction represented an early-cycle opportunity to acquire a coastal asset at an attractive basis, allowing participation in both near-term cash flow growth and long-term capital appreciation. With some of the strongest market fundamentals on the West Coast, we anticipate office transaction volume in San Diego to increase significantly as we enter 2026."
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