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SVN Equities Pays $7.3 Mil for Carlsbad Office Asset
RENTV.com
October 5, 2007
... SVN Equities LLC, an Irvine-based firm affiliated with investment brokerage firm Sperry Van Ness, paid $7.3 mil for a 40.4k sf ($181/sf) office building at 1935 Camino Vida Roble. The building is located north of Palomar Airport Centre. The multi-tenant office building was acquired from 1935 Camino Vida Associates LLC.
Situated on 3.1 acres, 1935 Camino Vide Roble is approximately 50 percent occupied with another 30 percent of the space built out and immediately available for leasing. Major tenants include Ingram Micro, Mountain Enterprices of Florida LLC, Horizon Freight System Inc., Luxor Technologies Inc. and FNC Inc. Property amenities include surface parking and an adjacent common area park with scenic views and mature landscaping. In addition, the previous owner recently invested $1.1 mil on capital improvements to the property, including renovations to the lobby and second floor corridor, as well as extensive tenant improvements.
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