The Wonderful Company Acquires Life Sciences Headquarters In Carlsbad From RPG For $19.3M

The Wonderful Company purchased a newly renovated Class A lab-and-office building located at 2131 Faraday Avenue in Carlsbad. The property encompasses a total area of 47,075 square feet and was fully leased to Boston Scientific on a triple-net basis. The sale was concluded at a price of $19.3 million, equating to $410 per square foot in the life sciences market.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $19,300,000
• Address: 2131 Faraday Avenue
• Market: Carlsbad
• Square Footage: 47,075
• Price Per Square Foot: $410
• Buyer: The Wonderful Company
• Seller: RPG
• Brokers: Aric Starck & Drew Dodds - Cushman & Wakefield

Aric Starck and Drew Dodds, representing Cushman & Wakefield, facilitated the transaction between The Wonderful Company and RPG. This sale involved a strategically significant property in the life sciences sector, with Boston Scientific as the tenant under a long-term lease agreement.