CARLSBAD, Calif. (March 8, 2023) — Commercial Asset Advisors (CAA) is pleased to announce the recent sale of 2774-2790 Jefferson Street, a mixed-use property located in Carlsbad Village. The sale closed on January 24, 2023, for a purchase price of $2,500,000 and was represented by Mike Conger and Gino Kalasho of CAA.
The property, which is west of the I-5 freeway and just off of Carlsbad Village Drive, consists of two duplex apartment buildings and an approximately 1,350 square foot office building on approximately 20,877 square feet of land. The prime location and mix of uses make this property an attractive investment opportunity in one of the strongest multi-family markets in the area.
Despite recent volatility in the debt markets, CAA was able to create a competitive environment for the seller and provide a surety of close, resulting in a smooth transaction for both the buyer and seller. "We were happy to get this one done and it goes to show there are still transactions to be done, even with the debt markets recent volatility," said Mike Conger.
CAA is proud to have represented the sale of this exceptional mixed-use property in Carlsbad Village.
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.
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.