Harbor Associates, F&F JV acquire industrial portfolio in Carlsbad, Calif.
Harbor Associates has acquired 5801 and 5807 Van Allen in a joint venture with F&F Capital Group and an all-cash, off-market transaction. Harbor and F&F bought the industrial portfolio for $21.25 million. CBRE advised the seller.
5801-5807 Van Allen Way is a 102,360-square-foot industrial portfolio located in the Carlsbad Research Center in Carlsbad, Calif. The sale included a leaseback with the seller at 5807 Van Allen Way, and Harbor will market 5801 Van Allen Way to traditional industrial and life science users. The property is Carlsbad’s newest industrial building, built in 2021, includes passive solar cooling with operable windows, two dock high doors and three grade doors along with prominent street frontage along Faraday Avenue.