February 18, 2020 – Cushman & Wakefield today announced the firm has been hired by RPG, formerly known as RAF Pacifica Group, to bring to market for sale lift, a 53,205-square-foot Class A creative campus in Carlsbad (San Diego), California. Constructed in 2019, lift is a mixed-use, office and retail project in the heart of San Diego’s North County—recognized as North County’s only ground-up mixed-use project. The asset is 96% occupied by two prominent companies and is being offered for sale for $28.5 million.
Aric Starck, Vice Chairman, and Drew Dodds, Associate, with Cushman & Wakefield’s Carlsbad office are leading the sales efforts. The firm’s Steven Hildebrand, Senior Director, and Ben Schwartz, Director, are also providing financial analysis and debt & equity financing services.
“The trophy of North San Diego development, lift is a prized asset positioned in a heavily amenitized location within the desired coastal community of Carlsbad,” said Aric Starck. “We’ve had exceptional leasing success at this newly constructed project, already nearly fully occupied by the corporate offices of Honma Golf (H.K: 06858) and Ezoic and providing these firms a corporate identity that is bold and second-to-none in the region. Lift offers an investor a unique, high performing asset with secure and stable in-place cash flow.”
Starck added, “Lift truly embodies forward-thinking architectural design concepts unseen in the region, and that cater to the temperate Southern Californian climate, encouraging indoor-outdoor flow.”
Equipped with top-of-the-line amenities that satiate the demands of modern companies, lift features a sky deck with ocean views, three restaurant suites, a gated dog zone, scattered cabana seating, a movie screening wall, multiple outdoor fire pits, a BBQ area, and large private shaded office patios. The project is located adjacent to Bressi Ranch’s 200,000 square feet of walkable retail amenities and within a 10-minute drive of the Pacific Coast and Interstate-5.
Known as a Corporate Headquarters market, Carlsbad has historically led San Diego in tenant demand.