Demand for well-located industrial properties continues to create a seller’s market and a property located at 2711 Loker Ave. West exemplifies just how strong the Carlsbad is these days. The exchange buyer of the 14,610-square-foot industrial warehouse in Carlsbad will lease out the space after its $3.02 million acquisition.

The buyer was represented by Bret Morris of Stream Realty. Todd Holley, senior vice president and partner in Voit Real Estate Services’ San Diego office, directed the sale on behalf of the New York-based seller, Loker Realty LLC.

“This transaction exemplifies the growing strength of the Carlsbad industrial market,” commented Holley. “Despite the pandemic, demand is very strong for well-located industrial assets.”

While conducting business during these unprecedented times presented many challenges, managing the timeline of the sale process and the client’s expectations were crucial in getting the transaction across the finish line, said Holley.