Majestic Asset Management Buys Carlsbad Industrial HQ for $45 Million

Majestic Asset Management has acquired 2081 Faraday Ave., a 157,973-square-foot industrial corporate headquarters property in Carlsbad, in a $45 million transaction arranged by CBRE. The asset was fully leased at the time of sale.

According to ConnectCRE, the buyer pursued the acquisition after its recent $235 million disposition in Goleta. CBRE also arranged financing for the purchase, making the assignment both a sale and debt placement for the brokerage.

CBRE’s Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson represented the seller, which was identified only as a real estate investment and management company. Val Achtemeier secured financing for Majestic Asset Management. Leasing advisory services tied to the property were handled by CBRE’s Roger Carlson, Dennis Visser and Blake Wilson.

Rowe said the deal reflects continued interest in single-tenant net-leased industrial properties that offer long-term cash flow, particularly when occupants have made substantial commitments to their space. “This transaction underscores the strength of the market and investor appetite for high-quality, single-tenant net leased industrial assets with long-term and durable cash flow,” Rowe said. “Investors continue to seek opportunities where tenants are making meaningful investments in their space. The tenant has truly made 2081 Faraday Ave a unique experience for their employees and customers.”

The property was built in 1997 and has undergone significant capital and tenant improvements, according to CBRE. Those upgrades include high-end interior finishes and amenities aimed at supporting corporate headquarters operations, positioning the building as more than a standard industrial holding in the eyes of prospective investors.

For Majestic Asset Management, the purchase adds a fully leased headquarters asset in Carlsbad following a sizable sale elsewhere in California. For the broader market, transactions like this can continue to draw attention to industrial properties where tenancy, building quality and in-place improvements offer a clear operating story from day one.

Related coverage: Horwitz, LLC Secures Massive 150,000-SF Commitment in Fargo's Dakota Commerce Center · Cintas-Occupied Myrtle Beach Distribution Facility Trades for $6.5 Million · Doors & Spaces Acquires Fully Leased Industrial Building in Voorhees for $4.1 Million