Highly Desirable North San Diego County Coastal Office Market – Irreplaceable Location – Corporate Headquarters – The subject property is located in Carlsbad, ideally situated adjacent to El Camino Real, the main North/South thoroughfare and preferred route for commuters living in the North San Diego Coastal communities. Due to Carlsbad’s coastal location, business friendly environment, and superior quality of life, the city of Carlsbad houses the largest concentration of credit tenants in North San Diego County. The area is home to the corporate headquarters of many nationally recognized companies, such as Callaway Golf, ViaSat, Thermo Fisher Scientific, Genoptix, TaylorMade, Ionis Pharmaceuticals, and Rubio’s.
100% Leased Multi Tenant Office Investment – Below Market Rents – Long Term Tenancy – The subject property is a 100% leased multi-tenant office building. The Tenants within 2385 Camino Vida Roble are currently paying an average rent of $1.44 modified gross PSF. Market rent in this submarket is roughly $1.70 modified gross PSF. Approx 70% of the tenants have been leasing long term within the building and have exercised multiple lease extensions. This commitment to the project offers a high likelihood of renewals and speaks to the quality of the real estate.
Direct Access & Proximity to Interstate 5 – Less Than 1 Mile from the McClellan-Palomar Airport – The property is strategically situated within proximity and direct access to Interstate 5, providing “reverse commute” access from San Diego and Orange County. It is located less than 1 mile from Palomar Airport, San Diego County’s largest single runway airport that houses an extensive corporate jet community.
Diverse Range of Clustered Businesses – Corporate Headquarters – The Carlsbad business community is made up of a wide range of business clusters that include action sports manufacturing, life sciences, clean technology, information and communications technology (ICT), hospitality and leisure. The area is home to the corporate headquarters of many nationally recognized companies, such as Callaway Golf, ViaSat, Thermo Fisher Scientific, Genoptix, TaylorMade, Ionis Pharmaceuticals, and Rubio’s.
Affluent Demographics – Quality of Life Advantage – Over 250,000 people with an impressive average household income of $111,700 live within a five mile radius of the subject property. Due to Carlsbad’s coastal location, business friendly environment, and superior quality of life, Carlsbad based firms have an outstanding ability to recruit and retain local talent.
Heavy Tourism – Golf Capital of the World – Carlsbad benefits from a spectacular location in North San Diego County, with access to beaches, biking, hiking, amusement parks, and an unmatched sunny climate. The city sees between 3.5-4 million visitors per year who are drawn to the area for work, play, and relaxation. Carlsbad is widely recognized as the “Golf Capital of the World” and is home to some of the largest and most prestigious golf companies including Callaway, TaylorMade, Acushnet (Titleist) and Cobra Puma Golf.