RAF Pacifica Group Acquires Five Creative and Value-Add Properties in Coastal Carlsbad, CA for $59.6 Million

  

Adam Robinson

SAN DIEGO, CA – RAF Pacifica Group (RPG), a San Diego-based owner, operator, and developer of high-quality commercial real estate, has added to its portfolio of creative and value-add assets in Northern San Diego County with the acquisition of five properties totaling six buildings in the Carlsbad, California, market.

Aric Starck

RPG purchased the properties, comprising one two-building creative-office campus, three creative-industrial buildings, and one value-add industrial building, for a total consideration of $59.6 million.

“As these five acquisitions demonstrate, we have been extremely active in the Carlsbad market,” says Adam Robinson, President of RPG.

 “The properties align perfectly with our firm’s strategy of owning well-located, modern, creative and value-add assets in North County. Carlsbad attracts a tenant mix consisting largely of biotech, cleantech, communications, and action-sports companies, and we are in an ideal position to meet their real estate needs with these properties.”

Rick Reeder

            RPG acquired a 67,528 square-foot, value-add single-tenant industrial property at 6305 El Camino Real in Carlsbad, California, from an institutional owner for $10.5 million.

Aric Starck of Cushman & Wakefield represented both RPG and the seller in the transaction.

RPG purchased three properties in the Carlsbad Research Center in Carlsbad, California, from A&M CapRE Aston, LLC: 2320 Faraday Avenue, 2320 Faraday Avenue, and 1905 Aston Avenue.

Starck of represented both RPG and the seller in the transaction.

  

RPG has acquired another fully leased property in Carlsbad, California: Avenida Crossing, a newly renovated, two-building, 68,392 square-foot, multi-tenant contemporary creative office campus at 5993 and 5999 Avenida Encinas.

Dennis Visser

The property, which was purchased from Avenida Encinas, LP for $23.9 million, is near the Carlsbad Research Center, in close proximity to the beach, trains, and retail amenities.

Starck, Rick Reeder, and Dennis Visser of Cushman & Wakefield represented both RPG and the seller in the transaction.

CONTACT:

 Lexi Astfalk

Brower Group

(949) 438-6262

LAstfalk@brower-group.com