A Carlsbad office building has been sold for $8.8 million.
Equinvest Capital based in San Diego bought the two-story building at 2035 Corte del Nogal from Swift Real Estate Specialists.
Representing both parties in the sale were Louay Alsadek, Matt Pourcho, Hunter Rowe, Anthony DeLorenzo and Gary Stache of CBRE.
The building was 72 percent leased at the time of sale and recently underwent a $2.6 million remodeling that added new lobbies with improvements to the common areas, landscaping, lighting, corridors, outdoor lounge areas and restrooms.
Amenities include an on-site deli, showers and lockers.
“This property is ideal for companies seeking a vibrant, amenity-rich location near freeways and executive housing,” Pourcho said.
“The Carlsbad market offers the buyer a cost effective alternative to neighboring submarkets such as Del Mar Heights, Encinitas, Solana Beach and UTC. With only three vacant suites remaining in the building, the new buyer has exceptional flexibility to target the most active and robust tenant segment in Carlsbad.”