Tritower Financial Group Acquires Carlsbad R&D Property For $88.8M

Two R&D properties located at 5909 & 5919 Sea Otter Place in Carlsbad have been sold for a total of $88,750,000. The properties have a combined square footage of 230,957 square feet, resulting in a price per square foot of $384. The transaction took place on 08/18/2022.

Summary of transaction details

• Property Type: R&D
• Transaction Amount: $88,750,000
• Address: 5909 & 5919 Sea Otter Place
• Market: Carlsbad
• Buyer: Tritower Financial Group LLC
• Seller: Regent Properties
• Brokers: Aric Starck & Drew Dodds - Cushman & Wakefield

Aric Starck and Drew Dodds from Cushman & Wakefield represented both the buyer, Tritower Financial Group LLC, and the seller, Regent Properties, in this transaction.

Another R&D property located at 5540 & 5541 Fermi Court in Carlsbad has also been sold. The transaction, which took place on 08/18/2022, involved a sale price of $42,000,000. The property has a total square footage of 114,835, resulting in a price per square foot of $365.

Summary of transaction details

• Property Type: R&D
• Transaction Amount: $42,000,000
• Address: 5540 & 5541 Fermi Court
• Market: Carlsbad
• Buyer: Menlo Equities
• Seller: Regent Properties
• Brokers: Aric Starck & Drew Dodds - Cushman & Wakefield

Aric Starck and Drew Dodds from Cushman & Wakefield represented both the buyer, Menlo Equities, and the seller, Regent Properties, in this transaction.