5741 PALMER WAY, C & D CARLSBAD, CA 92010 colliers.com/sandiego FOR SALE Leased Investment or Owner/User Opportunity ±6,926 SF Flex/R&D Condominium Building JOHN WITHERALL Associate Vice President License No. 01759453 +1 760 930 7927 john.witherall@colliers.com
OFFERING SUMMARY Colliers International, as exclusive advisor to seller, is pleased to present the opportunity to acquire 5741 Palmer Way, Suite C & D in Carlsbad, California, (the Property ), a flex/r&d condominium building consisting of approximately 6,926 square feet. The current occupant has occupied the property since 1986 (32 years) and is willing to sign a five (5) year lease. Property can be also be delivered vacant for an owner user to occupy. The asking price for the property is $1,475,000 with an NOI of $84,000 and a cap rate of 5.7%. PROPERTY DETAILS Building Description: SF: Flex/R&D Condominium ±6,926 SF Year Built: 1984 Construction: Zoning: Concrete Tilt-Up M APN: 209-041-25-17, 209-041-25-18 Loading: Floors: Association Name: 1 grade-level door Two-story Faraday Owners Association NOI/CAP: $84,000 at 5.7% Lease Term: Sale Price: Showing Instructions: 5 Years $1,475,000 ($213 /SF) Call listing agent to coordinate 3
AERIAL 5741 PALMER WAY, C & D CARLSBAD, CA 92010 SALE PRICE $1,475,000 NOI $84,000 CAP 5.7% Lease Term 5 Years Faraday Avenue El Camino Real Palomar Airport Road SAN DIEGO - NORTH 5901 Priestly Drive, Suite 100 Carlsbad, CA 92008 MAIN +1 760 438 8950 colliers.com/sandiego
FLOOR PLAN Reception Area RR RR Lunch Room File Storage RR RR Drafting Room Print Room Lab/Warehouse Lab/Warehouse Room/Open Warehouse Grade-Level Roll Up Door FIRST FLOOR SECOND FLOOR
LOCATION CARLSBAD AND SURROUNDINGS Located in the heart of southern California in North County San Diego County, the city of Carlsbad takes full advantage of its coastal location, providing beach community character along with a diverse, forward thinking economy and a strong tourism and hospitality industry. Carlsbad has been named as one of the most desirable places to live. OCEANSIDE VISTA AVERAGE INCOME $74,024 (2016) UNEMPLOYMENT 3.1% (2017) CARLSBAD VILLA GE DR CARLSBAD VILLA GE DR CARLSBAD PALMER WAY SAN MARCOS POPULATION 637,517 (2016) RD CANNON EL CAMINO REAL MCCLELLAN-PALOMAR AIRPORT AV FA RADAY E W BLVD SAN MARCOS MEDIAN AGE 36 (2016) AIRPORT RD PALOMAR POINSET LN TIA RD SAN ELIJO DR MELROSE Carlsbad has been named as one of the top 100 places in the U.S. to launch a business and is a regional leader in San Diego s action sports manufacturing Industry. Carlsbad is 35 miles north of downtown San Diego and 54 miles south of the John Wayne Airport in Orange County with convenient public transit via the Sprinter commuter light rail train system. AVE LA COSTA EL REAL CAMINO RANCHO RD SANTA FE RANCHO SANTA FE BLVD UCADIA LE
5741 PALMER WAY, C & D CARLSBAD, CA 92010 JOHN WITHERALL Associate Vice President License No. 01759453 +1 760 930 7927 john.witherall@colliers.com SAN DIEGO - NORTH 5901 Priestly Drive, Suite 100 Carlsbad, CA 92008 MAIN +1 760 438 8950 colliers.com/sandiego 2018 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.