6354 Corte Del Abeto
Carlsbad, CA 92011
Arroyo Business Center · Flex Property For Sale

A Call For Offers Deadline has been announced for 10/9/18 at 5:00pm OFFERS WILL BE ACCEPTED FOR THE PROPERTIES TOGETHER OR INDIVIDUALLY. OFFERS WILL BE REVIEWED AS SUBMITTED. Del Abeto Commerce Center, developed in 1986, consists of 63,893 square-feet within two Flex / Industrial buildings, on 5.78 acres, cohesively designed with modern architecture, 18’ high bays and grade level roll up doors to accommodate tenants ranging from 4,000 to 12,000 square feet in size. The Property offers an appealing location within close proximity to a variety of retailers, as well as convenient access to freeways and excellent proximity to business centers and residential communities. McClellan-Palomar Airport is located less than a mile away and is San Diego’s busiest single-runway airport. Currently 100% leased to nine (9) quality tenants, with no single tenant occupying more than 18.6% of the Property, Corte Del Abeto Commerce Center’s ideal multi-tenant design eliminates concerns of a single, “all at once” vacancy causing significant negative impacts on cash flow and net operating income. A new owner will be in a unique position to significantly enhance net operating income and cash flow by rolling the in-place tenants to current market rents. Approximately 62.4% of the in-place tenancy rolls within Year-2 and 80.4% within Year-3, with in-place rents on tenants average 9.5% below current achievable market rents. This is especially advantageous in a market that is experiencing continuous tenant demand, limited leasing options and a continued spike in rental rates. Vacancy remains low at 7.3% within the Carlsbad Industrial submarket, which has had positive absorption for the past 6 years with over 1.5 million square feet of net absorption. The market is expected to continue to outperform other submarkets throughout 2019 due to its supply of high-quality real estate.