Focus Real Estate LP of Costa Mesa has purchased an industrial building at Palomar Airport Business Park in Carlsbad for approximately $4.8 million, according to CoStar Group and public data.
The seller of the building, at 2293 Cosmos Court, was Oceanside Glasstile Co., which will continue to occupy the space for two more years under a sale-leaseback agreement.
The 47,762-square-foot building was constructed in 1992. The buyer was represented by brokerage firm Colliers International, and the seller was represented by CBRE.
In a statement, Focus Real Estate said it intends to market the building for eventual sale or lease after completing a renovation program.
— SDBJ Staff Report