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Carlsbad Office/Multi-Family Property Sells for $3.53 Million, CAA Announces

CARLSBAD, Calif. (May 27, 2022) — A Carlsbad mixed-use property sold for $3,530,000 on May 19, 2022, Commercial Asset Advisors announced.

The 4,650-square-foot, Class B property zoned for office/multifamily uses is ideal for an investor. It is located near the highly desirable coastal community of Carlsbad Village and is two minutes west of the Interstate 5 freeway connecting north San Diego County.

The property address is 3081-3085 Madison St, Carlsbad, CA 92008.

Mike Conger and Austin Fellows of Commercial Asset Advisors represented the seller, Michael Kay Gusky. Erik Anderson of Northmarq represented the buyer, Virginia Capital LLC.

“CAA was able to find the right buyer to own and invest in this desirable property,” said CAA’s Austin Fellows. “While issues did arise, our past experience managing some unforeseen roadblocks allowed us to ensure that our client’s objectives were reached, while also keeping the sale on pace for a seamless transaction for all parties involved.”

CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm’s ability to maximize values regardless of product type, location, or situation.

For additional information, you may contact Mike Conger, CAA Principal (DRE Lic. # 01381193), at or Austin Fellows, CAA Sales Associate (DRE Lic. # 02113599), at

About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.

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