Research Center Pointe, the 119,561-square-foot industrial building in the Carlsbad Research Center at 2210 Faraday Ave., Carlsbad 92008, has been sold for $16.35 million.
The buyer was ROF II Faraday 2210 LLC, c/o Regent Properties, 11990 San Vicente Blvd., Suite 200, Los Angeles 90049.
The seller of the property (assessor's parcel 212-120-55) was PREF Research Center LLC with Roberto Jinich vice president.
Rick Reeder and Aric Starck, executive managing director and managing director, respectively, with Cassidy Turley of San Diego, represented the buyer, a real estate investment and acquisitions firm, and the seller, dba Paragon Real Estate Investments, a privately-held firm based in San Diego. The seller bought the property in July 2012 for $13,425,000.
The property has a current vacancy of just 10 percent, according to Starck, with 68 percent occupied by two tenants, Medtronic (NYSE: MDT) (In early 2009, with 46,353 square feet for six years) and Nemko USA.
In October 2013, the adjacent, 229,753-square-foot Faraday Corporate Center office building at 2200 Faraday Ave. was sold for $40.4 million to ROF II Faraday LLC, c/o Regent Properties. Both Faraday buildings, 2200 and 2210, are now under a new $41,447,500 loan from General Electric Capital Corp.
Also in the Carlsbad Research Center, in May 2013, Regent purchased the 246,668-square-foot building at 5909 Sea Otter Place for $16 million.