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Palomar Centre

2051 Palomar Airport Road
Carlsbad, CA 92011
Availability: Close of Escrow:12/8/2014 Rentable Square Feet:190,937 SF Parcel Siz
Shipping: A high image corporate headquarters/flex building located near Palomar-McClellan Airport in the City of Carlsbad, California.
Pricing: $0.00
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Description

Agents

BEN TASHAKORIAN | FIRST VICE PRESIDENT


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

Alex Jize | Associate

Member: NOIPG
License: CA 01947389
Cel: (858) 722-3198
Dir: (858) 373-3155
License: CA 0194739
alex.jize@marcusmillichap.com

Description

Marcus & Millichap is pleased to present the sale of Palomar Centre, a high image corporate headquarters/flex building located near Palomar-McClellan Airport in the City of Carlsbad, California. The subject consists of 190,937 square feet situated on a large thirteen acre parcel with excellent visibility from Palomar Airport Road, an on/off ramp street for the I-5 Freeway.

Two major, corporate tenants occupy over 111,709 square feet of the building, providing over ninety-six percent of the current rental income. CVI Laser Optics specializes in the design and manufacture of high performance optical components for use in lasers, laser beam conditioning, and laser beam delivery from the UV to the near-IR. IDEX (NYSE: IEX) is a guarantor of the CVI lease; the company was founded in 1988 and in 2013 had sales of over $2 billion. Activision Blizzard, Inc. headquartered in Santa Monica, California, is a worldwide online, PC, console, handheld and mobile game publisher with leading market positions across every major category of the rapidly growing interactive entertainment software industry. Established in 1991, and currently traded on the Nasdaq under the symbol: ATVI. Activision Blizzard, Inc. had a recent market capitalization of $12 billion and generated over $1.26 billion of operating cash flow in 2013.

Palomar Centre is part of an established business park which includes the Carlsbad Executive Plaza, and many high tech offices, making it an excellent location for corporate offices or industrial facilities. Carlsbad has emerged as one of the leading cities in Southern California, conveniently located north of San Diego, the Del Mar Fairgrounds and the University of California San Diego in La Jolla, California. In addition, Carlsbad is a great place to live, with miles of beaches, a wide variety of housing options, terrific shopping, a world-class public library and excellent schools. With an affluent location, credit tenancy, high in-place income and additional leasing upside, Palomar Centre is an outstanding investment opportunity.

Features

  • High Quality Corporate Headquarters / Flex Building Totaling 190,937 Square Feet
  • Concrete Tilt-Up Construction - Built 1981/1989
  • Large 13.07 Acre Site With Major Street Frontage
  • Situated Directly Across Street From Palomar McClellan Airport
  • Convenient Access to I-5 and 78 Freeways

Year Built/Year Rennovated

1981/1989

Parking

Surface Parking with Approximately 620 Spaces

Construction Type

Reinforced Concrete

Office Build-Out

25%-100%

Clear Height

24 FT

Details

  • 22932164
  • Industrial
  • Close of Escrow:12/8/2014 Rentable Square Feet:190,937 SF Parcel Siz
  • New

Shipping Information

  • Item Requires Shipping
  • A high image corporate headquarters/flex building located near Palomar-McClellan Airport in the City of Carlsbad, California.

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