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11/02/23
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Harbor Associates LLC, in a joint venture with F& F Capital Group, has acquired a 102.4k sf industrial portfolio in Carlsbad for $21.25 mil ($208/sf) in an all-cash, off-market transaction.
The acquisition consists of two buildings located at 5801-5807 Van Allen Way, within the Carlsbad Research Center. The sale included a leaseback with the seller at 5807 Van Allen Way, while Harbor will market 5801 Van Allen Way to traditional industrial and life science users.
The property is Carlsbad’s newest industrial building, constructed in 2021, and includes passive solar cooling with operable windows, two dock-high doors and three grade doors along with prominent street frontage along Faraday Avenue.
Dennis Visser and Matt Pourcho of CBRE advised the seller in the deal.
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