{"id":1004311961,"date":"2019-03-29T04:48:23","date_gmt":"2019-03-29T12:48:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004311961"},"modified":"2021-05-10T02:07:44","modified_gmt":"2021-05-10T10:07:44","slug":"raf-pacifica-acquires-60m-north-san-diego-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-acquires-60m-north-san-diego-portfolio\/","title":{"rendered":"RAF Pacifica Acquires $60M North San Diego Portfolio"},"content":{"rendered":"
\"\"<\/a>

1905 Aston Ave. Image courtesy of Yardi Matrix<\/p><\/div>\n

Following the sale of a 12-building portfolio in the San Diego area<\/a> last year, RAF Pacifica Group has acquired five industrial and office assets in Carlsbad, Calif., for $59.6 million. Cushman & Wakefield brokered the transaction, with Managing Director Aric Starck leading efforts.<\/p>\n

First Industrial Realty Trust sold the 67,528-square-foot industrial building at 6305 El Camino Real for $10.5 million. The facility features 20-foot clear height, seven dock-high doors, 195 parking stalls, 28,941 square feet of office, 28,940 square feet of R&D and 9,647 square feet of warehouse space. The asset was previously occupied by ViaSat and provides easy access to interstates 5 and 15.<\/p>\n

\"\"<\/a>

2330 Faraday Ave. Image courtesy of Yardi Matrix<\/p><\/div>\n

Two industrial assets, part of the Carlsbad Research Center, traded for a total of $12.8 million. Located at 2320 & 2330 Faraday Ave., the 23,375-square-foot and 17,451-square-foot are fully leased and feature 16- to 18-foot clear heights, two grade-level loading doors and a parking ratio of 3.1 per 1,000 square feet. <\/p>\n

The third asset part of the Carlsbad Research Center is a 48,818-square-foot industrial headquarters facility located at 1905 Aston Ave. According to Yardi Matrix, Alvarez & Marsal Capital Real Estate sold the property for $12.4 million. RAF purchased it in a joint venture with a California-based investor, who owns 65 percent interest in the property. The building was completed in 1999 and underwent cosmetic renovations in 2016.<\/p>\n

The fifth property\u2014sold for $23.9 million\u2014is Avenida Crossing, a newly renovated 68,392-square-foot office campus located at 5993 & 5999 Avenida Encinas. The new owner plans to continue the renovation program commenced by the seller at the two-building, multi-tenant property. <\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield brokered the sale on behalf of the buyer and sellers. The properties encompass creative office and industrial space.<\/p>\n","protected":false},"author":748,"featured_media":1004505592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21742,21747,1608,15],"tags":[44927,32799,35830,36522,32825],"class_list":["post-1004311961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-latest","category-office","category-san-diego","category-west","tag-carlsbad-research-center","tag-cushman-wakefield","tag-first-industrial-realty-trust","tag-rd","tag-raf-pacifica-group"],"acf":[],"yoast_head":"\nRAF Pacifica Acquires $60M North San Diego Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-acquires-60m-north-san-diego-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RAF Pacifica Acquires $60M North San Diego Portfolio\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield brokered the sale on behalf of the buyer and sellers. 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