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Building on Palomar Oaks in Carlsbad sells

The 21.349-square-foot Class C, industrial/warehouse flex building at 1985 Palomar Oaks Way, Carlsbad 92011, has been sold for $2 million.

The buyer was Palomar Oaks Corporation, a Nevada corporation, 1985 Palomar Oaks Way, Carlsbad. Kevin Darroch is president/secretary of the new ownership.

The acquisition was financed with a first loan of $1,348,900 from Southwest Capital Bank, c/o 504 Fund Advisors of Wilmington, N.C., and a second of $1,078,900 from Avana Capital L.L.C. of Glendale, Ariz.

The seller of the property (assessor's parcel 213-092-22) was 1985 Palomar Oaks Corp., with Shukdev Tantod president.

The one-story, tilt-up-on-a-slab building was constructed in 1983 on a 1.21-acre lot that allows for a 3.7/1000 parking ratio.

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