Developed in 2006, Ocean Ridge is a modern office environment inspired by Carlsbad’s coastal lifestyle. Unparalleled ocean views along with the property’s distinct architecture and a steel, stone, and glass exterior, make the prestigious Carlsbad Ranch, home to some of the most recognized finance and technology firms. Ocean Ridge is Carlsbad’s premier office experience.
- 75,937 SF Class A+ office building in the coastal Carlsbad sub-market of San Diego, CA
- Purchased for $28.25M ($372/SF) and 6.63% cap rate in June 2020
- Panoramic ocean views situated near 500,000 SF of retail and over 50 restaurants
- Outdoor workspace, subterranean parking, onsite showers and lockers and bike storage – a compelling connection to the best of coastal San Diego
- Impressive tenant mix anchored by Morgan Stanley, Charles Schwab, Meketa Investment Group and InvestCloud, along with several other prominent companies
- Investing in light value-add plan to include new signage, property re-brand, and amenitization of common areas