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December 5, 2023
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EverWest Advisors Makes $25 Mil Corp HQ Buy in Carlsbad


Denver-based EverWest Advisors completed the $25.25 mil acquisition of a 74.8k sf ($338/sf), Class A industrial distribution and corporate headquarters facility in Carlsbad. Located at 3209 Lionshead Ave, the property is fully leased to a leading global sports apparel and outerwear company.

3209 Lionshead Ave is situated on 5.31 acres and was constructed in 2009. The facility features state-of-the-art creative office improvements and a highly efficient warehouse with ESFR, three rear loading docks, five grade-level loading doors, and heavy power.

Rick Reeder, Aric Starck, Brad Tecca and Drew Dodds with Cushman & Wakefield in San Diego represented the seller, a joint venture between Graymark Capital and Blue Vista Capital Management in the sale.

“This is a prized San Diego corporate asset well situated in the idyllic location of coastal Carlsbad,” commented Reeder. “A well-known name in the athleisure industry, the existing tenant has occupied this high-image facility for nearly a decade.”

The San Diego Industrial Market spans from the U.S. Mexico Border to Camp Pendleton with access to the Greater Southwestern Region via I-15, I-5, I-8 and the BNSF Rail Lines. The market maintains healthy fundamentals with an overall industrial vacancy remaining below 5% over the past five plus years.

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