SAN DIEGO (April 12, 2023) – Urban Property Group (UPG), a real estate services firm specializing in urban and coastal commercial property, is proud to announce the sale of three contiguous parcels in Carlsbad Village, approximately 28,360 square feet, located at 2801 Roosevelt St. and as well as 2780 – 88, 2802 State St. in Carlsbad, CA for $6,667,442.
Bill Shrader, Joe Brady, and Amy McNamara of Urban Property Group represented both the buyer and seller in this transaction.
The buyer, the Caine Group, has extensive experience in the San Diego market with redevelopment projects. The group owns the adjacent parcels at the Carlsbad Arcade and hopes to redevelop in the future.
“With Carlsbad Village being rapidly revitalized, this property is one of the best development sites in the village with its walkability to the train station, restaurants, and countless Village amenities,” said UPG Founder and President Bill Shrader. “Although we may be seeing some challenges in development, the demand for good real estate remains strong in San Diego County.”
Mas Fina Cantina owner Andy Davis will be re-occupying the restaurant space at 2780 State St and Urban Property Group will be leasing out the additional vacant spaces.
On behalf of the seller & buyer, Urban Property Group made donations to The George G. Glenner Alzheimer’s Family Centers and Brother Benno’s Oceanside.
About Urban Property Group
Urban Property Group, Inc., (UPG), are neighborhood experts from Downtown/Central San Diego to North County coastal. Founded by Bill Shrader in 1989, the team has over 100 combined years’ experience providing advisory, sales and leasing services to urban property owners. UPG understands the neighborhood dynamics that we work and live in and maintains close relationships with clients and tenants to create multi-dimensional communities. UPG offers more exact results to clients by allowing our 7 professionals to focus on their individual areas of expertise and unique neighborhoods. UPG also maintains a dedicated analyst and support system specific to urban commercial assets from retail to office and multifamily.