Brookwood Financial Partners Sells Ventana Office Campus In Carlsbad For $24.5M

The property involved in this transaction is the Ventana office campus located at 2173, 2175 & 2177 Salk Avenue in Carlsbad, CA. This office asset encompasses a total square footage of 219,359 and was sold for $24,500,000, translating to approximately $112 per square foot. At the time of sale, the property was 65% leased, showcasing potential for cash flow and future leasing opportunities as the San Diego office market recovers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $24,500,000
• Square Footage: 219,359
• Price per Square Foot: $112
• Address: 2173, 2175 & 2177 Salk Avenue
• Market: Carlsbad, CA
• Seller: Thomas N. Trkla - Brookwood Financial Partners
• Broker Representation: Rick Reeder & Brad Tecca - Newmark

The transaction highlights the role of seller Thomas N. Trkla from Brookwood Financial Partners, who directly managed the sale. Brokers Rick Reeder and Brad Tecca of Newmark facilitated the transaction, marking a significant moment as value-add investors navigate the evolving office market landscape. The sale reflects a shifting investment strategy as opportunities for leasing expansion become apparent for the new owner.