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Core Contracting Acquires Carlsbad Office Building For $4.42M

Property Image
SOLD
$4,420,000
Nick Williams
Matt Harris
Matt Pourcho
+ 3

California

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Office13,093 SF
Sold 10/09/2023
the dealplayerscompscontact
Property Image
SOLD

Core Contracting Acquires Carlsbad Office Building For $4.42M

1530 Faraday Avenue

See Similar Deals
Office13,093 SF
Sold 10/09/2023
Nick Williams
Matt Harris
Matt Pourcho
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$337
Total Square Footage:13,093 SF
Transaction Type:Sale

A 13,093-square-foot office building located at 1530 Faraday Avenue in Carlsbad has been sold for $4,420,000. The transaction was brokered by CBRE and saw the property acquired by Core Contracting. This sale reflects the strong demand for owner-user properties in San Diego, where the cost of ownership remains favorable compared to leasing due to high rental rates.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $4,420,000
  • Square Footage: 13,093
  • Price Per Square Foot: $338
  • Address: 1530 Faraday Avenue
  • Market: Carlsbad

CBRE represented the seller in this transaction, with a team consisting of Nick Williams, Blake Wilson, Roger Carlson, Matt Pourcho, Anthony DeLorenzo, and Matt Harris. Core Contracting acted as the buyer in this deal. The sale highlights the expertise of these brokers in facilitating successful transactions in the Carlsbad market.

Players

Blake Wilson
CBRE
Blake Wilson
5 deals$84.7M volume(858) 740-7411
BROKER
Anthony DeLorenzo
CBRE
Anthony DeLorenzo
118 deals$2B volume
BROKER
Matt Pourcho
CBRE
Matt Pourcho
48 deals$650.7M volume
BROKER
Roger Carlson
CBRE
Roger Carlson
7 deals$389.4M volume
BROKER
Matt Harris
CBRE
Matt Harris
28 deals$349M volume
BROKER
Nick Williams
CBRE
Nick Williams
17 deals$217.3M volume
BROKER

Details

SOLD
IMAGE: Matt Pourcho, Anthony DeLorenzo, Matt Harris, Nick Williams, Roger Carlson & Blake Wilson DATE: 10/09/2023 ADDRESS: 1530 Faraday Avenue MARKET: Carlsbad ASSET TYPE: Office BUYER: Core Contracting (@CoreContractingInc) BROKERS: Nick Williams, Blake Wilson, Roger Carlson, Matt Pourcho, Anthony DeLorenzo (@AnthonyDelorenzo) & Matt Harris - CBRE (@CBRE) SALE PRICE: $4,420,000 SF: 13,093 ~ PPSF: $338 NOTE: CBRE brokered the $4.42 million sale of a 13,093-square-foot office building in Carlsbad to Core Contracting. The deal reflects robust owner-user demand in San Diego, where ownership costs remain favorable compared to leasing due to high rents.

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