LPC West Acquires Industrial Property In Carlsbad For $19M

An industrial property located at 1695 Faraday Avenue in Carlsbad has been sold for $19,000,000. The property spans 63,000 square feet, resulting in a price per square foot of $301. The sale took place on June 22, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $19,000,000
• Address: 1695 Faraday Avenue, Carlsbad
• Market: Carlsbad

The buyer in this transaction is LPC West, represented by Benjamin Bucci and Angelo Gordon. They acquired the property from the seller, SMAC Corporation. Multiple brokers were involved in the deal, including Jake Rubendall, Chris Roth, and Rusty Williams from Lee & Associates, as well as Dennis Visser and Weston Yahn from Cushman & Wakefield.