Updated Sep 16, 2026
Undisclosed Buyer Acquires 15-Acre Class A Office Campus In Carlsbad For $24.5M
2173 Salk Avenue, 2175 Salk Avenue & 2177 Salk Avenue
$24,500,000
$37/SF
Building Size
219,359 SF
Asset Type
Office
Closing
Jun 30, 2026
About this deal
AI
An undisclosed buyer acquired a three-building Class A office campus known as Ventana, located at 2173, 2175, and 2177 Salk Avenue in Carlsbad, California. The campus spans nearly 15 acres and offers a total of 219,359 square feet of office space. The transaction was completed for a total sale price of $24.5 million, reflecting a price per square foot of $112. At the time of the sale, the property was approximately 65% leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,500,000
- Square Footage: 219,359
- Address: 2173, 2175 & 2177 Salk Avenue
- Market: Carlsbad, CA
- Acres: 15
- PPSF: $112
Brad Tecca and Rick Reeder of Newmark represented the seller in this transaction. The details regarding the buyer and seller remain undisclosed.
Players
Carlsbad Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93