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Creative Carlsbad Campus Claimed for $23M
Element, a multi-building 83,212-square-foot campus in Carlsbad, CA, has sold for $23.1 million. Nelli-Regen Three, LLC acquired the creative industrial / research and development complex from Alvarez & Marsal Capital Real Estate, LLC. The property was 100% leased to seven tenants.
Element consists of three buildings located at 2232, 2234 and 2236 Rutherford Rd. The suites feature creative office finishes which include open ceilings, exposed HVAC, and extensive glass. Contemporary design elements include glazed cement flooring, and glass roll-up doors. The common areas are also amenitized.
Cushman & Wakefield’s Aric Starck, who represented the seller in the transaction, says “Element provided an opportune investment of a rare, fully leased multi-tenant property in the prestigious Carlsbad Research Center within the desired Carlsbad submarket. The campus has recently completed significant creative office renovations to meet today’s demand, while the diverse tenant roster consists of market-leading technology, action sports, apparel, and medical device companies.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

