Manufacturer and Distributor Acquires Industrial Building in Carlsbad, California for $3.09 Million
JLL represented seller in transaction
CARLSBAD, CALIF, January 21, 2021 – JLL announced today that Island Batik has paid $3,095,000 for a freestanding 14,725-square-foot industrial building located at 2768 Loker Avenue West in Carlsbad, California. Island Batik, a manufacturer, importer and distributor of cotton batik, rayon batik and hand-printed cotton from Indonesia will occupy 10,600 square feet of the building.
JLL’s Chris Baumgart and Steven Field represented the seller, J&L 2768 Loker, LLC, in the transaction. Island Batik was represented by Conor Boyle and Tyler Stemley of Colliers.
"We continue to see strong demand for owner-user industrial buildings in North San Diego County," said Chris Baumgart, JLL Senior Vice President. "With very few buildings of this size available for sale or lease, we expect to see prices continue to climb in 2021.”
2768 Loker Avenue West is ideally located adjacent to Palomar Airport Road and just minutes from Interstate 5 Freeway, providing convenient access to nearby communities. The building features two grade level loading doors, 16 foot to 18-foot clear height, 600 amps of power, newly installed roof and excellent signage.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.