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SAN DIEGO NEWS
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eCommerce Parking Facility in Carlsbad is Sold

12/18/20

A 7.5-acre eCommerce parking facility in Carlsbad was acquired by a publicly traded REIT. The property is fully leased to a global credit tenant. It was sold by San Diego-based Meridian Properties.

The property is part of a 600-acre master-planned development in North San Diego County that features numerous regional, national and international occupiers. Situated at the corner of El Fuerte St and Faraday Ave, it is conveniently located near the Interstate 5 and State Route 78 freeways, providing accessibility across Southern California. It is also within a few minutes of the McClellan-Palomar Airport.

Jeff Cole, Jeff Chiate, Bryce Aberg, Ed Hernandez, Mike Adey and Zach Harman with Cushman & Wakefield represented the seller in the disposition. The price was not disclosed.

“Serving as a critical parking facility for the tenant, this was a best-in-class eCommerce investment opportunity optimally located near major freeways and positioned in one of San Diego’s premier industrial submarkets,” said Aberg. “As eCommerce has gained significant momentum in recent years, available sites in the region have become extremely scarce. As a result, land values have doubled in San Diego County since 2015 and continue to trend upward.”





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