An industrial building located at 5924 Balfour Court in Carlsbad has been sold for $6,259,682. The property features a total area of 21,481 square feet. The sale price reflects a per-square-foot value of $291. The transaction showcases the ongoing interest in small bay industrial properties within the North County San Diego market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,259,682
• Address: 5924 Balfour Court
• Market: Carlsbad
• Square Footage: 21,481
• Price Per Square Foot: $291
• Buyer: Yunqun LLC
• Seller: Lew Gildred & Tom Gildre - The Gildred Companies
• Buyer's Representative: Hank Jenkins, Mike Erwin & Tucker Hohenstein - Colliers
• Seller's Representative: Chris Baumgart & Steven Field - JLL

The Gildred Companies were represented by JLL in this transaction. Yunqun LLC intends to occupy 12,105 square feet within the purchased industrial building for its manufacturing operations. This transaction aligns with the demand trends observed from owner-users seeking small bay industrial spaces in the area.