5930 Priestly Drive
Carlsbad, CA 92008
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- Price Per SF
- Year Built
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Marcus & Millichap is pleased to present 5930 Priestly Drive, Carlsbad, CA 92008. This 8,336 SF Office Building was built in 2001 and is located in the Genesis Corporate Center. The property is 100-percent leased to PIA on Base Year lease. The property has 4.0 / 1,000 parking, low association costs, and is in a 102,000 business park. The lease calls for one five-year option to extend at fair market value with 3% increases. The floor plan has a spacious reception area, 18 offices, two conference rooms, advanced network capabilities and more. The property is currently rents at $1.87 per SF in market that is $2.25, so with two years left on the current term, the property can be leased north of $2.50 after expiration.
Architectural enhancements for each building at Genesis Corporate Centre include 100% coverage in Terra Cotta Sandstone with stone cornices along the top edge, detailed plinths at the base and stone molding around every window. The buildings surround a 1-acre rose garden with additional landscaping to include citrus trees (lemon, grapefruit, and orange), night jasmine and gardenias. Two primary entries exist for each building for ease of demise and flexibility during space planning. Each building has private patios and offer extensive use of floor-to-ceiling, high-efficiency, reflective glass on the first floor. The foundation for a complete fiber optic network from the street to the buildings and building-to-building has been installed. The Centre is also near the Island @ Carlsbad food court & retail center.
- Single-Tenant Office Building Located in Carlsbad
- 2 Years Remaining on Lease (2014 Base Year Reimbursements)
- Significant Upside with Below Market Rents until 2019
- Located in the Genesis Corporate Center
- 4.0 / 1,000 Parking Ratio (Includes Covered Parking)
- Building has Energy Efficient, Operable Windows
- Terra-Cotta Sandstone Façade with Beautiful 1-Acre Rose Garden
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- Marcus & Millichap is pleased to present for sale 5930 Priestly Drive in Carlsbad, CA.
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