Class A Office Building
Sunroad acquired this 67,000-square-foot building as part of a 1033 exchange. Located immediately adjacent to McClellan-Palomar Airport at 5858 Dryden Place and ideally suited for corporate headquarters and manufacturing space, this property features an ideal mix of office, R&D/manufacturing, and storing/warehouse. Originally occupied as the headquarters for Callaway Golf under a long-term lease, the property is currently marketed for a single tenant user.
Sunroad has successfully leased the ground floor to 22 separate floral trade wholesalers, which comprise San Diego’s largest wholesale/distributor marketplace. By repositioning the asset, Sunroad was able to maximize the value of the asset and create a new product which cannot be replicated. Sunroad has further repositioned the 2nd floor space as creative office. Within 90 days of completion, over 40% of the 2nd floor had been leased.
The building is well-positioned within the Carlsbad business community, offering close proximity to I-5 and the airport as well as above-standard features throughout. The business park setting of the project, high visibility and great parking and access are all features that attracted a company like Callaway Golf and will in turn be ideal for a corporate or manufacturing user. This most recent Sunroad Enterprises’ acquisition marks the company’s renewed interest in the North County, and Carlsbad in particular. It is also the first R&D building to be acquired by the company, which is highly regarded for its successful Class A development. Features of Sunroad Research Center include 100-percent HVAC-served, above-standard power, a 3/1,000 parking ratio (expandable) and proximity to shops, restaurant and hotels including Carlsbad Premium Outlets, The Crossings at Carlsbad Golf Course, Residence Inn, Sheraton Resort, and The Island at Carlsbad Shops