Brookwood Financial Partners announced that it has sold a six-building, class A office portfolio in North San Diego, Calif.
The portfolio includes Carlsbad Executive Plaza, a four-building office park containing approximately 133,000 square feet, and The Plaza I & II, consisting of two class A office buildings totaling nearly 89,000 square feet. Brookwood originally acquired the properties in June 2015 and sold the properties to MCS Guardian Properties, an affiliate of M.C. Strauss.
Both assets are located within three miles of Interstate 5 and have strong curb appeal. Carlsbad Executive Plaza is widely recognized as Carlsbad’s premier multi-tenant incubator office project. The Plaza I & II contains creative speculative suites, expansive and remodeled lobbies and is one of only three class A buildings in the market that offers underground parking.
“Carlsbad's office market fundamentals continue to improve as a reduction in inventory caused by l
