San Diego Business Journal

Carlsbad Office Building Sells for $23.4 Million

By Lou Hirsh Tuesday, January 14, 2014
Photo courtesy of Cushman & Wakefield Inc.

Photo courtesy of Cushman & Wakefield Inc.

Cole Real Estate Investments of Los Angeles has purchased a Carlsbad office building for approximately $23.4 million, according to brokerage services provider Cushman & Wakefield Inc., which represented the seller.

The seller of the property, at 5770 Armada Drive, was LBA Realty of Irvine.

The 81,712-square-foot Class A office property was built in 1998 and is located in the Carlsbad Ranch development near Interstate 5.

The space is currently fully leased to SkinMedica Inc., a wholly owned subsidiary of Allergan Inc.