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| The 121,541-SF office building at 1950 Camino Vida Roble in Carlsbad, CA, is planned as a modern office/Industrial property |
SAN DIEGO, CA – RAF
Pacifica Group, 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 a 121,541 square-foot office building
at 1950 Camino Vida Roble in Carlsbad, California.
RAF Pacifica
purchased the property from an institutional investor for $20.2 million.
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| Adam Robinson |
In addition to adding a new
façade, RAF Pacifica plans to rebrand the property, formerly called Axis
1950, into fu•sion, a modern office/Industrial building with the
largest amenity space in Carlsbad for a product of this type, according to Adam
Robinson, President of RAF Pacifica.
“This acquisition
currently has an overabundance of parking for the space,” says Robinson.
“We
came up with the idea of removing the existing truck court and creating an
expansive exterior amenities area that would set fu•sion completely
apart from any other property in the Carlsbad market.”
Amenities planned for the new
space at fu•sion include a full basketball court,
volleyball court, an amphitheater, a variety of covered and uncovered outdoor
seating and dining areas, a fire pit, barbecue grills, hammock space, a wall
mural, and drought-resistant landscaping.
“Offering a sizeable amenity space
that exceeds tenants’ expectations aligns with our firm’s ongoing strategy of
owning well-located, modern, creative, and value-add assets,” says Robinson.
“Carlsbad’s tenant
mix of mostly biotech, cleantech, communications, and action-sports companies
is demanding office space that reflects the coastal outdoor lifestyle of their
employees, and we are poised to meet that demand.”
The acquisition of 1950 Camino
Vida Roble is part of RAF Pacifica’s growing portfolio of creative assets in
the Carlsbad market.
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| Aric Starck |
Earlier this year, the firm acquired five
properties in this market, including 6305 El Camino, a single-tenant industrial
property; 2320 & 2330 Faraday Avenue, two adjacent creative industrial
properties; 1905 Aston Avenue, a creative industrial R&D and
corporate-headquarters facility; and Avenida Crossing, a newly renovated,
multi-tenant contemporary creative office campus.
The property to be rebranded
as fu•sion is a one-story building with a
mezzanine and exceptional loading capabilities, according to Robinson.
Constructed in 1996,
the building is situated on 10.9 acres and is located close to Carlsbad’s
McClellan-Palomar Airport, which contributes $108 million a year to the local
economy.
Aric Starck of Cushman & Wakefield will represent RAF
as the leasing broker.
CONTACT:
Lexi Astfalk
Brower Group
(949) 438-6262
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