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Bank of America Building, in Carlsbad, Sells for $7.2 Million

Carlsbad CA –  CBRE announced that Dan Floit has purchased the two story freestanding Bank of America building, located at 7700 El Camino Real, Carlsbad, CA 92003, from the Ingold Family LLC, for a consideration of $7,200,000. The building is 19,400 square feet.

CBRE’s Tim Kerrigan represented the buyer, Dan Floit, as well as the seller Ingold Family LLC.

Mr. Kerrigan commented, “This is a prominent, even iconic building in the La Costa market with a very successful branch as a tenant. I was happy to be of service to the parties.  This is the seventeenth transaction I have done with Mr. Floit.”

Mr. Kerrigan also represented the seller in its 2012 lease negotiations with Bank of America.

Situated at the southeast corner of El Camino Real and La Costa Avenue, in Carlsbad, California, this property occupies a premier intersection in one of San Diego County’s most prestigious North County areas. The site, strategically, serves the affluent communities of North County, including Encinitas, Leucadia, La Costa and Olivenhain.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.