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Land Parcel in Carlsbad Village Sold for $1.2M

Carlsbad CA— The San Diego office of Colliers International announces the sale of a .25-acre land parcel located 2646 State Street, Carlsbad for $1,200,000.

Joe Brady of Colliers International represented the buyer, SDPB Holdings, LLC. Susan Stamp, an independent broker, represented the seller, Ganges Carlsbad, LP. The buyer plans to develop a mixed-use project on the site.

“There has been a large redevelopment push in the Carlsbad Village area, especially along State Street where density is low,” said Joe Brady, Associate at Colliers International. “Developers are taking this opportunity to turn underused land parcels and industrial properties into high-quality retail, multifamily, and mixed-use developments.”

About Colliers International

Colliers International has been the fastest growing commercial real estate firm in the world over the past 10 years and is ranked number 5 in the IAOP® annual list of Global Outsourcing 100 companies. It offers a full range of commercial real estate services in the United States, Canada, Europe, Australia/New Zealand, Asia and Latin America. For the year ended December 31, 2014, pro forma revenue, including contribution from acquisitions completed during the year, totaled US$1.7 billion.