Bid Date: May 14th
CBRE, as exclusive advisor, is pleased to present 2840 Loker Ave East (the “Property” or “2840 Loker”), a high-quality, single-tenant industrial asset located in the Carlsbad Technology Center. This property offers investors a prime North County San Diego location, flexible building design, and stable cash flow through the long-term tenancy.
The building totals 104,298 SF and is fully leased to Glanbia Nutritionals (NA), Inc., a global leader in nutritional and performance products, who has occupied the facility since 2001. The NNN lease runs through March 2029 with 3.0% annual increases. Features of the property include 13 dock-high doors, 2 grade-level doors, and wraparound parking and truck access. The design provides future flexibility with easy divisibility to multi-tenant in the future if needed and appeals to both low- and high-finish tenants.
Investors benefit from an attractive acquisition basis and strong mark-to-market potential, supported by critical infrastructure and rare heavy power capacity. 2840 Loker is a compelling opportunity to acquire a high-quality industrial asset in a supply-constrained market, anchored by a longstanding credit tenant and positioned for future growth.