Swift Real Estate Partners Sells 72% Leased Office Building in Carlsbad, California
Local investment, development and management firm Equinvests Capital purchased Camino West Corporate Park at Carlsbad Airport Center in Carlsbad, California, from San Francisco-based Swift Real Estate Partners for $9 million, or about $164 per square foot.
The 54,830-square-foot building at 2035 Corte del Nogal was built in 1991. The two-story facility spans 4.4 acres adjacent to Palomar Airport Road, Carlsbad’s largest East/West thoroughfare.
The multi-tenant property was 72% leased at the time of sale and recently underwent a $2.6 million remodel.
Louay Alsadek, Hunter Rowe, Matt Pourcho, Anthony DeLorenzo and Gary Stache with CBRE represented the seller, which originally purchased the property in December 2015, CoStar data shows.
“This property is ideal for companies seeking a vibrant, amenity-rich location near freeways and executive housing. The Carlsbad market offers the buyer a cost-effective alternative to neighboring submarkets such as Del Mar Heights, Encinitas, Solana Beach and UTC,” Pourcho said in a statement.
Please refer to CoStar COMP #4765585 for additional information regarding this transaction.