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California  + San Diego  + Industrial  | 
BentallGreenOak Procures Another North County Asset for $36M

BentallGreenOak Procures Another North County Asset for $36M

BentallGreenOak has paid $35.75 million for a 120,000-square-foot R&D/life science flex building in Carlsbad, CA. Located within the Faraday Research Center at 2210 Faraday Avenue, the freestanding building was 100% leased to three tenants at the time of sale. Cushman & Wakefield’s Aric Starck and Drew Dodds represented the seller, Hill Companies, in the transaction.

“This was a terrific investment opportunity to acquire an existing asset in one of the world’s most renowned life science and R&D hubs, San Diego County,” said Starck. “This asset provides the buyer with stable in-place income and is poised to perform well over time in a submarket that continues to experience growth within the life science and R&D sectors.”

2210 Faraday consists of a single-story flex building plus second floor mezzanine space. The property was built in 1997 and renovated in 2005 and features 24’ ceilings, dock and grade-level loading and heavy power.


Inside The Story

BentallGreenOakCushman & Wakefield's Aric Starck

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.