March 4, 2019
Encinitas, CA-based RAF Pacifica Group acquired a pair of assets in Carlsbad, CA for $36.3 million. The separate sales consisted of Avenida Crossing, a newly-renovated 68,392-square-foot creative office campus, and 1905 Aston, a 48,818-square-foot industrial R&D and corporate headquarters facility.
Avenida Crossing was sold by Avenida Encinas, LP for $23.9 million, and 1905 Aston was sold by A&M CapRE Aston, LLC for $12.4 million. Cushman & Wakefield’s Aric Starck represented both sellers in the transactions.
Located at 5993 and 5999 Avenida Encinas, adjacent to San Diego’s Pacific coastline, Avenida Crossing (pictured) consists of two, multi-tenant buildings and was 100% leased at the time of sale.
1905 Aston is located within the Carlsbad Research Center, and was 100% leased to two tenants at the time of sale.
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Tags: Acquisition, Industrial, Office
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