CARLSBAD, Calif. (November 2, 2021) — A multi-tenant retail center in the heart of Carlsbad Village sold for $7,359,000 on October 25, 2021, Commercial Asset Advisors announced.
The 13,000-square-foot center is located at 2805-2855 Roosevelt St. and 570-596 Grand Ave., Carlsbad, CA, 92008.
Mike Conger and Brian Jenkins of CAA served as listing agent for the seller, Benchmark Pacific, Ltd. II. The buyer, The Caine Group, Inc., was represented by Joe Brady of Urban Property Group.
“Carlsbad Village is one of the most dynamic and gentrifying neighborhoods in North County – and this property is right in the heart of it,” said CAA Principal Mike Conger.
“The sale achieved the seller’s goals while allowing the buyers an opportunity to acquire a unique asset that was under private family ownership for almost 20 years.”
For additional information, you may contact Mike Conger, CAA Principal (DRE Lic. # 01381193), at mike@caacre.com or Brian Jenkins, CAA Principal (DRE Lic. #01814828), at brian@caacre.com.
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.