Office

Plaza Del Norte

Listing Price: $8,975,000

Cap Rate
6.00%
Gross SF
34,668
Rentable SF
34,668
Price/Gross SF
$258.88
Lot Size
1.63 acres
Year Built
1982

Investment Overview

arcus & Millichap, as exclusive adviser is pleased to present the extremely rare opportunity to acquire 6120 Paseo Del Norte, located just East of the I-5 in Carlsbad, CA. This property consists of a two-story 34,668 square foot, multi-tenant office building. Built in 1982 and remodeled in 2008, the building features a wood frame and stucco construction and sits on two parcels for combined 1.63 acres. The Property accommodates suites ranging in size from 162 SF to 2,495 SF. The Property currently rents at $2.42 per SF in a market that is $2.75, so there is significant upside potential in the lease-up of vacant space and bringing the in-place rents to market upon lease expiration.

Investment Highlights

  • 2-Story Office Building in Carlsbad, CA
  • Owner Has Spent over $500,000 in Improvements
  • Seller Financing Available

Exclusively Listed By

Listing Price: $8,975,000

Cap Rate
6.00%
Gross SF
34,668
Rentable SF
34,668
Price/Gross SF
$258.88
Lot Size
1.63 acres
Year Built
1982

Investment Highlights

  • 2-Story Office Building in Carlsbad, CA
  • Owner Has Spent over $500,000 in Improvements
  • Seller Financing Available

Investment Overview

arcus & Millichap, as exclusive adviser is pleased to present the extremely rare opportunity to acquire 6120 Paseo Del Norte, located just East of the I-5 in Carlsbad, CA. This property consists of a two-story 34,668 square foot, multi-tenant office building. Built in 1982 and remodeled in 2008, the building features a wood frame and stucco construction and sits on two parcels for combined 1.63 acres. The Property accommodates suites ranging in size from 162 SF to 2,495 SF. The Property currently rents at $2.42 per SF in a market that is $2.75, so there is significant upside potential in the lease-up of vacant space and bringing the in-place rents to market upon lease expiration.

Exclusively Listed By

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