New Pacific Realty Corp Acquires 228548 SF Industrial Building In Carlsbad For $72.9M

The property involved in the transaction is a 16-acre industrial asset located at 3125 Lionshead Avenue in Carlsbad. This facility comprises 228,548 square feet and was sold for $72,900,000. It features UPS as a full tenant within a building that was constructed in 2024.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $72,900,000
• Square Footage: 228,548 SF
• Price per Square Foot: $319
• Buyer: New Pacific Realty Corp
• Seller: Laura Hines-Pierce & Jeffrey C. Hines - Hines
• Brokers: Aric Starck, Drew Dodds, Brant Aberg & Bryce Aberg - Cushman & Wakefield
• Lender: City National Bank

Cushman & Wakefield facilitated the transaction, with Aric Starck and Drew Dodds representing the seller, while Brant Aberg and Bryce Aberg advised the buyer. This transaction occurs amidst a notable decline in San Diego's industrial sales volume year-over-year.