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Majestic Asset Management Acquires Carlsbad Industrial Headquarters
CBRE arranged the $45-million sale and financing of 2081 Faraday Ave., a 157,973-square-foot industrial corporate headquarters property in Carlsbad. Majestic Asset Management acquired the fully leased asset following its recent $235-million disposition in Goleta.
Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller, a real estate investment and management company. 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. “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, CBRE said.
- ◦Sale/Acquisition
