Cushman & Wakefield has brokered the $6.5 million sale of a 12,000-square-foot office property in Carlsbad, CA. The complex, located at 390 Oak Ave. in the heart of Carlsbad Village, was sold by California Property Brokers, Ltd. to a local private investor.
“The downtown district of Carlsbad Village maintains good momentum as a pedestrian-friendly beachside community with easy access to multiple modes of transportation,” said Cushman & Wakefield managing director Peter Curry who represented both parties in the transaction along with senior director Duncan Dodd, from the firm’s Private Capital Group in San Diego.
Dodd added in the news release, “Carlsbad is a bustling yet quaint town that attracts high-skilled workers and beachgoers alike and being at the center of this activity is a real advantage for this asset with tenants wanting to be in this highly desired coastal neighborhood.”
390 Oak is within walking distance to numerous retail, restaurant and service amenities and just two blocks from Carlsbad Beach.
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.