Real
SoldStrategy: Value-add
Submarket: Carpinteria, CA
Square footage: 2.200mq
Acquisition: Q1-19
A flex-office building located on 10,000 sqm of land in the Carpinteria submarket in California. The building has only one floor above ground and features ocean views, as well as enviably high interior spaces and multiple roll-up doors. Acquired vacant, in less than six months the property was fully leased to a listed tech company.