Newmark arranged the sale of Carlsbad Pacific Center, a three-building Class A office campus located at 701-705 Palomar Airport Rd. in Carlsbad. The 130,019-square-foot property, 85.5% leased at the time of sale, sold for $26.5 million. Executive managing directors Brad Tecca and Rick Reeder represented both buyer Strauss Investments and seller Brookwood Financial.
“The interest in Carlsbad Pacific Center signals continued improvement in the capital markets and ongoing investor confidence in quality office projects across San Diego, particularly in Carlsbad,” said Tecca. “This transaction represented an early-cycle opportunity to acquire a coastal asset at an attractive basis, allowing participation in both near-term cash flow growth and long-term capital appreciation. With some of the strongest market fundamentals on the West Coast, we anticipate office transaction volume in San Diego to increase significantly as we enter 2026.”
Strauss Investments’ portfolio in the region also includes Carlsbad Executive Plaza, The Plaza I & II and Wright Place.
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