Voit Fica Partners LLC, a California limited-liability company based in Newport Beach, sold the building located at 2290 Cosmos Ct. to Louis Grondona, a private investor from Fremont, CA.
Dennis Visser and Joe Anderson of Business Real Estate Commercial/NAI's north county office represented the seller. Dave Worden of WindwardCommercial in Half Moon Bay, CA represented the buyer.
Carlsbad's R&D vacancy rate has dropped from 18% a year ago to only 8% at the close of the deal. The Carlsbad market is anticipating continued rent growth this year, as very little new product is under construction in the area, according to Visser and Anderson.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
