Palomar Triad carlsbad

February 14, 2019 Comments Off on Performance Wealth Investments Claims Carlsbad’s Palomar Triad Views: 1510 California News, San Diego

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.”

Connect With Performance Wealth Investments II, LLC

Connect With Commercial Asset Advisors’ Conger

Connect With Cushman & Wakefield’s Avilla

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