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Cruzan Claims Carlsbad Business Park
Solana Beach-based Cruzan purchased Carlsbad Commercial Center in the North County San Diego submarket for an undisclosed amount. Located at 5205-5375 Avenida Encinas in Carlsbad, the eight-building business park was 92% leased.
Built in 1982, the campus is comprised of eight buildings ranging in size from 10,400 square feet to 23,200 square feet and has been under the same ownership since the late 1980s.
CBRE’s Louay Alsadek, Darla Longo, Barbara Perrier and Hunter Rowe represented the unnamed seller. Cruzan was self-represented.
Alsadek says, “The project size, design and unique environment were all contributing factors that drove a significant amount of investor interest. The property has consistently outperformed its competition, and has maintained an average occupancy of 97% since 2014.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


