Flex/R&D Leased Investment Purchase Opportunity

6349 Paseo del Lago | Carlsbad, CA 92011

  • 19,462 Square Feet
  • Industrial Office
  • For Sale

Summary Description

This freestanding Flex/R&D building was built in 1990 with concrete tilt-up construction and an expansive glass line. It has recently renovated offices for an open and creative work environment. The building features a flexible floor plan and an excellent parking ratio of 3.9/1,000 SF. The creative and open design elements cater to today’s workforce within one of San Diego’s most sought-after locations. The building is within a minute of Palomar Airport Road, the area’s primary thoroughfare and commercial corridor, and approximately four miles west of State Route 78, the preferred corridor for the region’s growing young workforce.

The building is also positioned as one of the closest to I-5, together providing expedient access throughout the region to provide an easy commute to all the executive housing communities. Each of these thoroughfares provides access to surrounding residential communities, amenities, and regional markets. Additionally, the McClellan-Palomar Airport is located only a mile from the building.

Price: $5,150,000.00

Lot Size: 79279 Square Feet

Building Size: 19462 Square Feet

Area Available: 19,462 Square Feet

Features:

  • ±19,462 SF on 1.82 AC
  • P-M zoning
  • Heavy power - 1,200A, 120/208V, 3-phase
  • Sprinklered with 21' clear height
  • 3 grade-level doors (2 converted to glass)
  • Approx. 70% office
  • Two-story concrete tilt-up
  • Leased through April 2023
  • $297,324 NOI at 5.77% cap
  • Sale Price: $5,150,000 ($264/SF)
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