1917 Palomar Oaks Way
RARE CLASS A OFFICE BUILDING IN THRIVING CARLSBAD, CA
Marketing description
EXCEPTIONALLY STRONG MARKET FUNDAMENTALS
Carlsbad recently received the “e-Cities” award from Google Inc. for the most e-savvy business community in California. The city continues to encourage tech tenant migration and recruit top local talent. Over 150 manufacturing plants are located in the area, many of which produce sports equipment, electronics, computer components and other high-tech products. Carlsbad is home to some of the largest and most prestigious golf companies who have chosen to headquarter in the city, including Callaway, TaylorMade, Titleist and Cobra Golf.
PRIME NORTH COUNTY CARLSBAD LOCATION
The property is adjacent to Callaway Golf’s testing center as well as the high-end golf course The Crossings at Carlsbad. Carlsbad boasts the largest concentration of credit tenants in North County due to its superior quality of life and proximity to retail, hotels, freeways and access to the coast line. The building is only 2.1 miles from the I-5 Freeway which provides easy access to most of Southern California and right off Palomar Airport Road which is one of North County’s major East/West thoroughfares offering easy access to I-5, 78 Freeway and the I-15, which allows companies to easily service all of Southern California.
Investment highlights
High quality office building providing an owner-user or investor with an opportunity to acquire a Class A office building within North San Diego's prestigious Carlsbad Research Center - North County's highest concentration of Fortune 500 Companies.
With the first floor 74% leased (only two small vacancies), the building offers an owner/user the ability to occupy the top two floors and receive income from the existing ground floor tenants. Given the new tax legislation passed July 2025, a buyer would not have any occupancy cost in the first year given the estimated depreciation benefits providing an approximate $42,931 monthly tax savings or loss carry forward. See own vs. lease analysis on Pg. 33 of OM.
The property offers 4.0/1,000 SF parking ratio and recent upgrades include approximately $800,000 on first floor lobby, corridor, and restroom updates.
The buildings Class A stone exterior and unique shape are timeless and provide exceptional curb appeal. For buyers looking to create a different "creative office" look, please see pages 10-11 for hypothetical renderings.
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