March 7, 2016
Cape Ann Properties, LLC, an institutional investor, purchased Pacific Ridge Corporate Centre from the clients of Seattle-based Washington Capital Management, Inc. for an undisclosed amount. The two-building, 92-percent leased Class A office project is located at 5780 and 5790 Fleet St. in Carlsbad.
The asset totals 121,563 square feet of office space, with an on-site gym, private balconies, and expansive ocean views. Tenants include a diverse range of industries including energy, real estate, finance, and software development.
CBRE investment advisors Louay Alsadek, Hunter Rowe and Andrew Taylor, along with market experts Larry Cambra and Roger Carlson represented the seller. The buyer represented itself.