Elion Partners Acquires Carlsbad Mixed-use Property For $18.6M

The mixed-use property located at 5803 Newton Dr. in Carlsbad has been sold in a recent transaction. The property spans across approximately 4.45 acres and offers a total of 71,602 square feet of space. The sale took place on September 27, 2021, and the property was purchased for a total price of $18,600,000, resulting in a price per square foot of $259. The buyer of the property was Elion Partners, while the seller was Rexford Industrial.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $18,600,000

The buyer of the property was represented by Greg Pieratt from Lee & Associates. On the other hand, the seller was represented by Bret Hardy, Sean Fulp, Ryan Plummer, and Mark Schuessler, all from Newmark.