Atlas

Properties

Atlas

The property is a 230,957-square-foot, Class A office/lab asset located at 5909 & 5919 Sea Otter Place, Carlsbad, CA, within the San Diego MSA. Positioned in a premier Southern California life sciences and innovation corridor, the property is leased to established tenants including NICE North America, Synteract GmbH, and Enovis Corp., and was acquired on July 7, 2022 as part of a Core-Plus investment strategy.

Property Details

Address

5909 & 5919 Sea Otter Place Carlsbad, California

MSA

San Diego

Property Type

0ffice/Lab

Strategy

Core-Plus

Size

230,957 Square Feet

Primary Tenant

NICE North America, LLC / Synteract GmbH / Enovis Corp.

Acquired

July 7, 2022

Highlights & Amenities

An R&D creative office campus consisting of two buildings (Alpha and Beta buildings).

The Alpha and Beta buildings feature floor to ceiling glass line and heavy power, as well as the ability to expand dock or grade-level loading as needed.

These features allow tenants to house laboratory and light manufacturing space at either building and the Beta building can also house heavier GMP production capabilities. The flexibility of the space makes it suitable for companies who have multiple business functions locating in one facility.

The amenities at the Property help attract modern life science companies that use in-office perks as a recruiting tool in a tight labor market. These desirable amenities include an outdoor shaded walkway, called the Paseo, a barbeque and game area for company events and happy hours, a full-service fitness center, outdoor work sations, a half-mile walking path with coastal views, and an abundance of new retail and restaurants located near the Property.

Location

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