Faithway LLC Acquires Industrial Property In Carlsbad From AG-LC 1695 Faraday Owners LLC For $13.5M

A 63,062-sq.-ft. industrial property located at 1695 Faraday Avenue in Carlsbad has been sold for $13,500,000. The asset sits on a site that spans 4.1 acres and is positioned within the Carlsbad Research Center. The facility features clear heights of 24–25 feet, includes three dock-high doors, and has a power capacity of 3,000 amps.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,500,000
• Address: 1695 Faraday Avenue
• Market: Carlsbad
• Acres: 4.1
• Square Footage: 63,062
• Price Per Square Foot: $214
• Buyer: Faithway LLC
• Seller: AG-LC 1695 Faraday Owners LLC
• Brokers: Blake Wilson, Roger Carlson, Dennis Visser & Weston Yahn - CBRE

CBRE facilitated the transaction between Faithway LLC and AG-LC 1695 Faraday Owners LLC, bringing together the parties involved in the sale of the industrial property. The brokerage team comprising Blake Wilson, Roger Carlson, Dennis Visser, and Weston Yahn played a crucial role in arranging the deal.