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Strauss Investments Acquires Carlsbad Pacific Center Office Campus for $26.5M
Newmark has facilitated the sale of Carlsbad Pacific Center, a three-building, Class A office campus situated at 701-705 Palomar Airport Road in Carlsbad. The 130,019-square-foot property was 85.5% leased at the time of sale and changed hands for $26.5 million. Executive Managing Directors Brad Tecca and Rick Reeder of Newmark represented both the buyer, Strauss Investments, and the seller, Brookwood Financial.
“The interest in Carlsbad Pacific Center signals continued improvement in the capital markets and ongoing investor confidence in quality office projects across San Diego, particularly in Carlsbad,” said Tecca. “This transaction represented an early-cycle opportunity to acquire a coastal asset at an attractive basis, allowing participation in both near-term cash flow growth and long-term capital appreciation. With some of the strongest market fundamentals on the West Coast, we anticipate office transaction volume in San Diego to increase significantly as we enter 2026.”
The acquisition adds to Strauss Investments’ growing regional portfolio, which also includes Carlsbad Executive Plaza, The Plaza I & II, and Wright Place.
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