Orange Land Holdings, LLC of San Diego has acquired the Jefferson Professional Building in Carlsbad for $3.3 million.
The two-story, 10,904 square-foot medical building is in Carlsbad Village at 2910 Jefferson St.
Peter Curry of Cushman & Wakefield represented Orange Land Holdings and Mark Avilla of Cushman & Wakefield represented the seller, who was undisclosed. Bob Cowan of Cushman & Wakefield assisted in the sale.
“Jefferson Professional Building presented the buyer with a highly desirable opportunity to acquire and reposition an existing multi-tenant office/medical building positioned in the heart of the iconic beach area knows as Carlsbad Village,” Avilla said. “With 60 percent rollover in the property within the initial two years, the buyer has the potential to take advantage by increasing rents and creating value.”