51,508 SF of Canyon Ridge Industrial Space Trades Hands

CARLSBAD, CA-In another signal of the high interest on the part of user/owners when it comes to San Diego County’s industrial product, four such buyers have acquired a combined 51,508 sf in the Canyon Ridge Business Park. Ken Satterlee of St. Croix Capital Co. has sold all four facilities in separate deals worth a total of more than $6 million. He was represented in all the transactions by Aric Starck, Mark Emerick and Dennis Visser of Grubb & Ellis/BRE Commercial. In the largest of the transactions, an engineering software firm has shelled out $1.9 million for a 16,753-sf building located at 2477 W. Loker Ave. in the Carlsbad industrial complex. Todd Davis of Grubb & Ellis/BRE Commercial acted on behalf of the buyer, an entity of RAM International.Separately, a 15,071-sf facility that stands at 2742 W. Loker Ave. in the Canyon Ridge Business Park has been sold to Auroralight Inc. for $1.9 million. Jelly Properties acted on behalf of Auroralight, which is a landscape lighting firm. Additionally, the owners of a firm that manufactures DNA test kits have picked up a 10,600-sf property located at 2746 Loker Ave. in the industrial park. The buyers, Mark and Liz Brolaski, have paid $1.2 million for the asset. They were represented in the transaction by Starck, Emerick and Visser of Grubb & Ellis/BRE Commercial. Starck, Emerick and Visser also acted on behalf of the buyer in the final of the four transactions, which involved the sale of the 2748 W. Loker Ave. facility located in the Canyon Ridge Business Park. Lisa Klang has purchased the 9,084-sf building for $1.1 million. She is planning to relocate her interior design firm here from Del Mar, according to the brokers who represented her.The Canyon Ridge Business Park features a parking ratio of three spots to every 1,000 sf; frontage on Loker Avenue; 16-ft minimum floor-to-ceiling clear height; and canyon views, according to the project’s marketing brochure, which also notes that the buildings are “ideal for owner-users with the need for future expansion.”Owner-users continue to seek out industrial property in San Diego County, as the current low interest rates are allowing them to buy instead of rent, according to local industry experts. A recent report by Burnham Real Estate points out that users account for more than 28% of year-to-date industrial sales activity.