5938 Priestly DrCarlsbad, CA 92008

Property Details for 5938 Priestly Dr

Year built

2002

Lot size

0.21 AC

Property size (Sq ft)

17,056 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Retail space

APN

212-240-05-00

APU

2122400500

Description

This exceptional Class A office building, the Genesis Corporate Center, offers 17,056 square feet of space in a desirable Carlsbad location. The two-story building features a striking terra-cotta sandstone façade and prominent floor-to-ceiling glass with operable windows, creating a bright and modern workspace. Currently, 9,104 square feet of beautifully improved office space is available for lease on the second floor, while the first floor (7,985 square feet) is fully leased. The building boasts abundant surface parking (4.0 spaces per 1,000 square feet) and convenient elevator access. Situated within the prestigious Carlsbad Research Center, this property enjoys a highly improved campus environment with walking paths, outdoor seating areas, and is within walking distance of various dining options. Its location provides excellent visibility to El Camino Real (33,847 cars per day) and easy access from El Camino Real and Palomar Airport Road, with close proximity to McClellan Palomar Airport. The lease rate is $1.99 per square foot, plus electricity. The building is also available for sale at $4,595,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,255,562

  6.5%

  $4,851,288

  7%

  $4,504,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,956,226

  Geo Method

  $15,128,065

• Alternative Use

  Use

  Valuation

  Residential

  $4,092,243

  Hospitality

  $3,748,473

  Educational

  $3,118,686

  Medical

  $3,225,942

  Retail

  $4,851,288

Location Insight

City

Carlsbad

County

San Diego

State

California

Latitude

33.1343

Longitude

-117.273

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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