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Paseo Carlsbad 3 Retail Properties Offered at $35,147,790 CAD in Carlsbad, CA
Investment Highlights
- Coastal SoCal Retail Asset – Paseo Carlsbad is a meticulously maintained, ±44,722 SF retail center, ±93% leased to a strong lineup of tenants
- Recent Long-Term Lease Momentum – Anytime Fitness, French Florist, and Swim West USA have all signed new long-term NNN leases
- Regional Retail Location – Paseo Carlsbad occupies a premier "100% location" within Carlsbad: immediately adjacent to Simon's Carlsbad Premium Outlets
- Strong NOI Growth – Through the lease-up of vacant space, NOI is projected to increase by more than ±$637,000 (±42%) over the anticipated hold period
- Easily Accessible Location – The offering is located along Paseo Del Norte (±8,900 CPD), immediately accessible via Palomar Airport Rd (±52,480 CPD)
Executive Summary
* Coastal SoCal Retail Asset – Paseo Carlsbad is a meticulously maintained, ±44,722 SF retail center, ±93% leased to a strong lineup of retail, restaurant, health, and service tenants. Benefiting from strong tenancy and complementary surrounding retail, the property delivers stable in-place income with compelling long-term growth potential
* Strong NOI Growth – Through the lease-up of vacant space, reletting below-market suites to market, and scheduled contractual increases, the NOI is projected to increase by more than ±$637,000 (±42%) over the anticipated hold period, reflecting a 3.6% CAGR
* Recent Long-Term Lease Momentum – Anytime Fitness, French Florist, and Swim West USA have all signed new long-term NNN leases, underscoring the center’s strong tenant demand and highly desirable retail location
* Easily Accessible Location – The offering is located along Paseo Del Norte (±8,900 CPD), immediately accessible via Palomar Airport Rd (±52,480 CPD) to the Interstate 5 (±218,800 CPD), the primary north/south throughfare in the state
* Regional Retail Location – Paseo Carlsbad occupies a premier "100% location" within Carlsbad: immediately adjacent to Simon's Carlsbad Premium Outlets and Car Country Carlsbad, 0.7 miles from one of Costco's top-performing district locations, and less than two miles from Legoland, which draws over 2 million visitors annually
* Strong NOI Growth – Through the lease-up of vacant space, reletting below-market suites to market, and scheduled contractual increases, the NOI is projected to increase by more than ±$637,000 (±42%) over the anticipated hold period, reflecting a 3.6% CAGR
* Recent Long-Term Lease Momentum – Anytime Fitness, French Florist, and Swim West USA have all signed new long-term NNN leases, underscoring the center’s strong tenant demand and highly desirable retail location
* Easily Accessible Location – The offering is located along Paseo Del Norte (±8,900 CPD), immediately accessible via Palomar Airport Rd (±52,480 CPD) to the Interstate 5 (±218,800 CPD), the primary north/south throughfare in the state
* Regional Retail Location – Paseo Carlsbad occupies a premier "100% location" within Carlsbad: immediately adjacent to Simon's Carlsbad Premium Outlets and Car Country Carlsbad, 0.7 miles from one of Costco's top-performing district locations, and less than two miles from Legoland, which draws over 2 million visitors annually
Property Facts
| Price | $35,147,790 CAD | Number of Properties | 3 |
| Price / SF | $803.56 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 43,740 SF |
| Sale Type | Investment | Total Land Area | 20.91 AC |
| Status | Active |
| Price | $35,147,790 CAD |
| Price / SF | $803.56 CAD / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 43,740 SF |
| Total Land Area | 20.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Paseo Carlsbad
5617 Paseo del Norte, Carlsbad, CA 92008 |
Retail | 19,342 SF | 2008 | - |
|
Paseo Carlsbad
5617 Paseo Del Norte, Carlsbad, CA 92008 |
Retail | 14,155 SF | 2010 | - |
|
Paseo Carlsbad
5617 Paseo Del Norte, Carlsbad, CA 92008 |
Retail | 10,243 SF | 2010 | - |
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