1917 Palomar Oaks Way - Office FOR SALE


Carlsbad, CA 92008
$8,638,575 USD
858-527-2727
1917 Palomar Oaks Way, Carlsbad, CA for Sale
$8,638,575 USD
Office - FOR SALE
1/21
null | Request Cap Rate

1917 Palomar Oaks Way
Carlsbad, CA 92008


HIGHLIGHTS

  • Owner/user opportunity to claim a rare Class A office asset and benefit from a favorable low-occupancy cost and attractive SBA loan financing.
  • Wright Place is prominently positioned at the intersection of Palomar Airport Road and Palomar Oaks Way with easy access to I-5, the 78, and I-15.
  • Property sports new contemporary lobbies, secure key card access, fiber optic connectivity, and highly visible signage opportunities.
  • Build synergy with the Fortune 500 companies in Carlsbad Research Center like Thermo Fisher Scientific, Abbott Labs, Cisco, and Mercedes Benz Design.

OVERVIEW

Rare Class A Office Building: High-quality office building providing an owner/user or investor with an opportunity to acquire a Class A office building within North San Diego’s prestigious Carlsbad Research Center (North County’s highest concentration of Fortune 500 Companies). With the first floor 91% leased with only one vacancy, this offering provides an owner/user the ability to occupy the top two floors. This allows the new owner to receive income from the existing ground-floor tenants, translating to an exceptionally low after-tax occupancy cost of only $0.11 per square foot per month or $5,207 monthly rent. This entails a buyer utilizing attractive SBA financing with only 10% down. The property offers a 4.0/1,000 square foot parking ratio, and recent upgrades include approximately $800,000 on the first-floor lobby, corridor, and restroom updates. Exceptionally Strong Market Fundamentals: Carlsbad recently received the e-Cities award from Google Inc. for the most e-savvy business community in California. The city continues to encourage tech tenant migration and recruit top local talent. Over 150 manufacturing plants are in the area, many of which produce sports equipment, electronics, computer components, and other high-tech products. Carlsbad is home to some of the largest and most prestigious golf companies that have chosen to have headquarters in the city, including Callaway, TaylorMade, Titleist, and Cobra Golf. Prime North County Carlsbad Location: The property is adjacent to Callaway Golf’s testing center as well as the high-end golf course The Crossings at Carlsbad. Carlsbad boasts the largest concentration of credit tenants in North County due to its superior quality of life and proximity to retail, hotels, freeways and access to the coastline. The building is only 2.1 miles from the Interstate 5 Freeway which provides easy access to most of Southern California and right off Palomar Airport Road which is one of North County’s major East/West thoroughfares offering easy access to Interstate 5, 78 Freeway, and Interstate 15, which granting companies to easily service all of Southern California.

FOR SALE DETAILS

PRICE

$8,638,575 USD

PRICE/SF

$185 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Wright Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

PM, Planned Industrial

APN/PARCEL ID

212-091-19

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

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Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.