Michael Barker Of Barker Pacific Group Acquires 180000 SF Office Campus In Carlsbad From Eric Fleiss

The property involved in the transaction is a Class A office/R&D campus located at 5740-5770 Fleet Street in Carlsbad, California. This asset encompasses a total square footage of 180,000 and is currently 73% occupied. The specific transaction price has not been disclosed.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 5740-5770 Fleet Street
• Market: Carlsbad
• Asset Size: 180,000 SF
• Buyer: Michael Barker - Barker Pacific Group
• Seller: Eric Fleiss - Regent Properties
• Brokers: Aric Starck & Drew Dodds - Cushman & Wakefield

Michael Barker, representing Barker Pacific Group, has initiated plans for property upgrades following the acquisition. The seller, represented by Aric Starck and Drew Dodds of Cushman & Wakefield, will manage leasing with Matty Sundberg from CBRE.