November 30, 2018— Colliers International San Diego Region announces the sale of an 11,456-square foot, two-story multi-tenant office property located at 3150 Pio Pico Drive, Carlsbad, CA (92008) for $3,425,000.
Amy McNamara and Marc Posthumus of Colliers International represented the seller, Waters Edge Properties. N&G, LLC acquired the property with representation by Tiffany Ly of Million Real Estate.
“San Diego’s coastal markets with ideal locations near vibrant beach communities, strong property values and sustained tenant demand continue to provide an attractive investment opportunity,” said Amy McNamara, Vice President at Colliers International. “As a recently renovated and high-quality building that is fully-leased, 3150 Pio Pico will continue to be a strong investment for the new ownership.”
The property is occupied by four tenants, including Viking Commercial Construction, Warranty Escrow, Wave Therapy and EBD Group, who will continue operations in the building. The building features a contemporary creative office layout, a modern patio common area and close proximity to the Carlsbad Villages’ restaurants and services.