Rancho Santa Fe-based Cardiff Investments LLC has acquired a Carlsbad industrial building for approximately $5.1 million, according to CoStar Group and public data.
The seller of the property, at 2304 Faraday Ave., was Carlsbad-based Zuza, which according to its website is a provider of printing, mailing and related marketing support services. CoStar reported that Zuza is leasing back space in the 31,202-square-foot building for an initial seven-year term.
The seller has been in the building for 23 years. The buyer was represented by John Borgia of JBJ Investments, and the seller was represented by Aric Starck of Cushman & Wakefield.
The property was built on 2 acres in 1979.