Done Deals: Manufacturer acquires industrial building in Carlsbad, CA for $6 million

Friday, January 3, 2025

Manufacturer acquires industrial building in Carlsbad, CA for $6 million

Chris Baumgart

SAN DIEGO, CA – Confirming demand from owner-users, JLL has handled the sale of a 21,481-square-foot multi-tenant industrial building located at 5924 Balfour Court in Carlsbad, California to Yunqun LLC for $6,259,682.

Yunqun LLC will occupy the vacant 12,105 square feet in the building for its manufacturing business with move-in expected in 2025.

JLL’s Chris Baumgart and Steven Field represented the seller, The Gildred Companies, in the transaction. Hank Jenkins, Mike Erwin and Tucker Hohenstein of Colliers represented the buyer in the transaction.

Steven Field

“This was an opportunity for the buyer to acquire and occupy a portion of the building while having in-place income from multiple tenants,” said Chris Baumgart, JLL Managing Director. “We continue to see owner-user demand for small bay industrial/flex properties in the Carlsbad/North County area of San Diego County.”

According to JLL’s Q4 San Diego Industrial Insights Report, North County San Diego industrial fundamentals remain fairly stable with 6 percent vacancy and 56,199 square feet of quarterly net absorption.

Hank Jenkins

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise.