California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Performance Wealth Investments Claims Carlsbad’s Palomar Triad
Palomar Triad, a distinctive multi-tenant Class A office building in Carlsbad, CA, has sold for more than $9.2 million. The buyer was San Diego-based Performance Wealth Investments II, LLC (PWI), which acquired the asset from 3G Properties, LP.
Originally developed in 1987, the property was extensively renovated in 2013. The three-story building at 2011 Palomar Airport Rd. consists of 46,550 square feet of high-quality office space on 4.87 acres.
Commercial Asset Advisors’ Michael Conger and Brian Jenkins represented the buyer. Cushman & Wakefield’s Mark Avilla Justin Halenza and Michael Mahoney advised the seller. Cushman & Wakefield’s Steve Hildebrand and Ian Bradley served as financial advisors.
Avilla says, “Palomar Triad is prominently located along Carlsbad’s main thoroughfare, and presented a remarkable value-add investment opportunity in one of the region’s most trending areas. The property was nearly 80% leased at the time of sale to a diverse tenant roster providing substantial cash flow and well-balanced rollover.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


