JLL has been retained as the Exclusive Agent for Seller to extend qualified investors the opportunity to acquire the fee simple interest in North Coast Medical Plaza (the “Property”). The Property consists of a two story medical office building containing approximately 49,580 square feet, situated on 3.5 acres and 88.5% leased to 8 tenants with a weighted average remaining lease term of nearly nine years. Located at 6010 Hidden Valley Road in the prominent coastal community of Carlsbad, North Coast Medical Plaza was completed in 2002 and extensively renovated in 2014. The Property affords an investor the opportunity to purchase a top-tier medical office building with stable, long term cash flow in a premier coastal location with high barriers to entry.
Investment Highlights
- State-of-the-art medical office building, part of a larger 100,000 square foot campus, the only medical office campus in Carlsbad
- Carlsbad is home to many global and regional companies including Callaway Golf, ViaSat, Thermo Fisher, and Adidas/TaylorMade
- Dynamic supply-constrained office market with solid fundamentals, severe development restrictions and high barriers to entry
- Strong investment fundamentals with San Diego ranking among the top real estate markets in the country
- Prominent location across from world famous LEGOLAND and Simon’s Premium Outlet Center, just blocks from Interstate 5
- Premier medical building in established community offering the finest schools, abundant housing and highest household demographics in North County
Primary Marketing Contacts
Bob Prendergast
Managing Director
T +1 858 410 1217
bob.prendergast@am.jll.com
LIC# 00883530
Lynn LaChapelle
Managing Director
T +1 858 410 1216
lynn.lachapelle@am.jll.com
LIC# 01869266
Debt Financing
Chris Casey
Managing Director
T +1 213 239 6332
chris.casey@am.jll.com
LIC# 01252020
Sach Kirpalani
Vice President
T +1 858 410 6392
sach.kirpalani@am.jll.com
LIC# 01799500
John Morrison
Associate
T +1 858 410 6381
john.morrison@am.jll.com
LIC# 01927289
Local Market Specialist
Travis Ives
Director
T +1 858 334 4041
travis.ives@cushwake.com
LIC# 1889097
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