Inland Empire Firm Sells Carlsbad Retail Center for .5M

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. California  + Inland Empire  + Retail  |  December 6, 2022...

December 9, 2022
7:54 AM

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. California  + Inland Empire  + Retail  |  December 6, 2022 Rancho Cucamonga, CA-based brokerage firm Progressive Real Estate Partners has announced the sale of Carlsbad Village, a 4,500-square-foot, 100% occupied multi-tenant retail center in Carlsbad, CA. The property was purchased by a San Diego-based private investor for $4.475 million, or $976 per-square-foot at a 4.75% cap rate. The three-suite retail center is in a unique setting, just below the 11-unit Grand Madison condominium complex, located within walking distance of the beach, train station and resort hotels.

Mark Nieto