Miramar Capital Goes for Aston Views’ Strong Tenancy and Cashflow

Aston Views, a freestanding 82,972-square-foot office/flex building in Carlsbad, recently sold to Miramar Capital. The two-story building was approximately 90 percent leased at sale.

The buyer acquired the North San Diego County asset for $20 million. The seller was MCR Aston LLC, according to Cushman & Wakefield.

Cushman & Wakefield’s Rick Reeder and Brad Tecca of the firm’s San Diego office represented the seller in the transaction. The firm’s Justin Halenza and Michael Mahoney also provided leasing advisory.

“Aston Views is a premier versatile workplace that provided a high-quality coastal asset with strong tenancy and cashflow, coupled with an opportunity to fill the remaining vacancy,” said Reeder. “And it is a classic San Diego suburban office building that can accommodate a wide range of requirements including traditional/creative office and life science tenants.”

Built in 2001, Aston Views is located at 1808 Aston Ave. and consists of a single two-story building on approximately 8.7 acres.

“The Carlsbad submarket is an established leader in attracting a variety of well-known companies from key growth industries,” says Tecca. “Due in large part to its coastal Southern California location and access to a highly educated workforce, Carlsbad is also emerging as a leading destination for the rapidly expanding life science industry.”