CBRE Facilitates $45 Million Sale and Financing of a Single-Tenant Industrial Asset in Carlsbad, California

CBRE has arranged the $45 million sale and financing of 2081 Faraday Ave., a 157,973-square-foot industrial corporate headquarters property in Carlsbad, Calif. Majestic Asset Management acquired the fully leased asset following its recent $235 million disposition in Goleta, Calif.

CBRE's Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson represented the seller, a real estate investment and management company, in the transaction. Val Achtemeier secured financing for the buyer. Leasing advisory services were provided by CBRE's Roger Carlson, Dennis Visser and Blake Wilson.

"This transaction underscores the strength of the market and investor appetite for high-quality, single-tenant net leased industrial assets with long-term and durable cash flow," said Rowe, senior vice president at CBRE. "Investors continue to seek opportunities where tenants are making meaningful investments in their space. The tenant has truly made 2081 Faraday Ave a unique experience for their employees and customers.

Built in 1997, the facility has undergone significant capital and tenant improvements, including high-end interior finishes and upgraded amenities designed to support corporate headquarters operations.

The highly amenitized facility features a stadium-style LED video board, outdoor sport court, 26-foot clear height, heavy power, and dock and grade level loading.

The property spans 9 acres at the corner of Faraday Ave and College Blvd. in the Carlsbad Research Center and offers immediate access to Interstate 5, providing connectivity throughout San Diego County and Southern California.

"Investors are increasingly searching for opportunities in markets with stability and growth. The San Diego market has become a top target for capital from across the spectrum and is generating more interest from both private and institutional investors," added Perrier, vice chairman at CBRE.

According to CBRE Research, the San Diego County industrial market continues to demonstrate strong fundamentals, supported by diverse demand drivers in the defense, technology, medical device, manufacturing, logistics, and life sciences sectors.