CARLSBAD, Calif.—May 10, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $11,150,000 sale of a flex building in Carlsbad.  The building, located at 3205 Lionshead Avenue, consists of a mix of office space, assembly/R&D area, lab space, and high bay warehouse. The facility was approximately 90% improved.

At the close of escrow, the seller and original occupier, Aethercomm, signed a long-term lease with the buyer to continue to utilize the space as its corporate headquarters facility. Aethercomm, a designer and manufacturer of RF components, subsystems, and systems for use in radar, electronic warfare, and communication systems, has occupied the property since it was built for them in 2009. When the building was constructed, Aethercomm incorporated all of the most innovative technologies and features available. The building includes a state of the art surveillance system with cameras throughout and back-up generator. In 2015, Aethercomm installed an energy efficient 271 KWD solar system.

The buyer, Lionshead, LLC from Encino, California, purchased the property as an absolute triple-net leased investment. Rusty Williams, SIOR and Chris Roth, principals at Lee & Associates – North San Diego County, represented both Lionshead, LLC and Aethercomm in the transaction.

“This property generated a tremendous amount of interest and multiple offers,” stated Williams. “The market for long-term leased investments is very strong, especially with a strong tenant like Aethercomm”.

####

About Lee & Associates

Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With almost 900 brokers, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, national and international level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.