Carlsbad CA— Urban Property Group announces the sale of a three-story 32,196 SF office building for $8,200,000. The property is located in the Bressi Ranch community of Carlsbad, at 2710 Loker Ave W., Carlsbad, CA 92010.
J.E. Upham, LLC sold the property with representation by Amy McNamara of Urban Property Group and Hank Jenkins of Colliers International. The buyer, Baker Loker, LLC was also represented by Ms. McNamara.
2710 Loker Ave W. is a fully renovated, 100% occupied, multi-tenant office building with views of the McClellan-Palomar Airport, and close proximity to Bressi Ranch Village Center, the Square at Bressi Ranch and LIFT a new mixed-use retail development. The property sits perfectly in an amenity rich location with high tenant growth and is surrounded by a plethora of residential, making it the perfect location for executives. “This property is a testament to the Carlsbad office market, for well located, well managed office buildings”, according to Amy McNamara, a Principal at UPG, “During the diligence interviews, all tenants reported getting back to full capacity post-COVID”. Credit to Lucia Shamshoian with Covey Commercial for her management acumen.