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570 Laguna Drive (Photo courtesy: Colliers International San Diego Region)

Carlsbad Village Development Parcel Sold for $5M

Carlsbad CAColliers International San Diego Region announces the sale of a 30,492-square foot development parcel located in the Carlsbad Village for $5,000,000. The property is slated for development and currently houses a single family residence and single story medical building.

Amy McNamara and Joe Brady of Colliers International San Diego Region’s Urban Property Team represented the seller, Virginia H. Murphy Trust. Brett Farrow acquired the property with representation by REeBroker Group.

“With Carlsbad being rapidly revitalized, this property is one of the best development sites in the Village with walkability to restaurants and unobstructed lagoon and ocean views,” said Brady. “Once again we’re seeing that despite the challenges in development, the demand for high quality real estate remains strong in San Diego County.”

The parcel is located at 570 Laguna Drive, Carlsbad, CA, just a short distance from the Amtrak station, Carlsbad State Beach, and Carlsbad Boulevard.