Acquisition Expands Viewpoint Equities’ Coastal North County San Diego Real Estate Portfolio
Carlsbad CA— Colliers International San Diego Region announces the sale of a 6,700 square foot, multi-tenant retail building located 457 Carlsbad Village Drive, Carlsbad, CA for $3,700,000.
Amy McNamara and Joe Brady of Colliers International San Diego Region represented the buyer Equity Three Properties, LLC, a subsidiary of Viewpoint Equities. McNamara and Brady also represented the seller Ryburn Building, LLC.
“We are actively focused on expanding our real estate portfolio in the Coastal North County neighborhoods,” said Gregg Seaman, Manager of Equity Three Properties, LLC. “457 Carlsbad Village Drive strategically grows our portfolio and is synergistic with our Lofts at Moonlight Beach property in Encinitas.”
At the time of sale, the single-story property was fully occupied by five tenants, including Blues & Shoes, The Style Lounge, Popular Nails, Ragz Revolution and Pacific Coast Printing.
“This sale was a rare opportunity to acquire a prime retail building in the heart of the Carlsbad Village that has been under private family ownership for decades,” said Amy McNamara, Vice President at Colliers International. “Viewpoint Equities will be able to capitalize on the strong growth of the Carlsbad Village with the potential to redevelop the site in the future.”