Clarion Partners Acquires Office & Mixed-Use Assets In Carlsbad For $86M

The sale of the office and mixed-use property located at 1950 Camino Vida Roble, 6023 & 6021 Innovation Way in Carlsbad has been finalized. The transaction took place on April 13, 2022. The property is spread across 174,746 square feet, and it was sold at a price of $86,000,000, resulting in a price per square foot of $492. The buyer in this transaction was Clarion Partners, while RAF Pacifica Group, represented by Adam Robinson, acted as the seller. The deal was facilitated by Cushman & Wakefield.

Summary of Transaction Details

• Property Type: Office & Mixed-Use
• Transaction Amount: $86,000,000
• Square Footage: 174,746
• Price Per Square Foot: $492
• Address: 1950 Camino Vida Roble, 6023 & 6021 Innovation Way, Carlsbad
• Market: Carlsbad
• Buyer: Clarion Partners
• Seller: RAF Pacifica Group - Adam Robinson
• Broker: Cushman & Wakefield

The successful completion of this transaction highlights the collaborative efforts of the buyer, Clarion Partners, and the seller, RAF Pacifica Group, represented by Adam Robinson. Cushman & Wakefield played a crucial role as the broker in facilitating the deal. The property's strategic location in Carlsbad's market, along with its desirable characteristics and ample square footage, contributed to its attractiveness in the transaction.