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Pacific Realty Divests Carlsbad Flex Industrial in 1031 Exchange
San Diego-based Pacific Realty Advisors sold a flex industrial property in Carlsbad, CA to an unnamed private 1031 investor for $9.17 million. CBRE’s Matt Pourcho, Anthony DeLorenzo, Gary Stache, Roger Carlson and Greg Lewis represented the undisclosed seller, as well as the buyer in the transaction.
Located at 2251 Rutherford Rd., the 34,304-square-foot, freestanding building was recently renovated and transformed into a creative flex industrial space. The property features a new glass line, fitness center, outdoor meeting areas, drought tolerant landscaping and multiple grade level doors. The building was 100% leased to Denso and Aesthetic Revolution.
“Carlsbad has been the hottest flex industrial submarket in San Diego County over the past two years, posting over one million square-feet of positive absorption since the beginning of 2017,” said Pourcho.
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- ◦Sale/Acquisition


