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NOI Net Operating Income N/A
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Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Land Area ()

Property Description

The Property consists of one parcel totaling ±11 acres and enjoys exceptional access from Interstate 5 via the Poinsettia Lane off-ramp. Immediately to the west of the Property is Carlsbad Boulevard and South Carlsbad State Beach. The Property is

unimproved raw land ready for development.

Investment Highlights

Flexible Zoning

The site is zoned PC Planned Community. The Planned Community zoning allows flexibility for an innovative development program tailored to the specific site, via a master plan. The General Plan designations for the site are General Commercial and

Residential Medium, which allow retail, office, other commercial uses, and medium density residential.


Prime Beachfront Location

The Property is perfectly situated just east of the of Carlsbad State Beach with unparalleled views of the Pacific Ocean. To the south of the Property is Batiquitos Lagoon, which is one of the few remaining tidal wetlands on the Southern California coast of the United States. The picturesque lagoon is a nature reserve and is designated a Marine Protected Area.


Great Local Amenities

Located 5 miles north of the Property is Carlsbad Village. With a quaint hometown feel the Village is home to numerous shops, museums, restaurants and lodging options. Carlsbad is also home to the world-famous LEGOLAND resort as well as several prestigious golf courses all with a breathtaking backdrop of the Pacific Ocean.


Strong Demographics

The Property is located in the City of Carlsbad, one of California’s wealthiest cities, with an annual average income of $102,722, an astounding 67 percent higher

than the national average of $61,372 and higher than the County of San Diego as a whole. The median home value for Carlsbad is a staggering $713,600, more than three times the national average.

Last Updated Date: 02 Nov 2020
Jeff Adkison
Jeff Adkison
Managing Director, Capital Markets
License details
CA-01190791
Brendan McArthur
Brendan McArthur
Senior Director, Capital Markets
License details
CA- 01185335

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Last Updated Date: 02 Nov 2020

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