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San Diego-area office property sells at discount

Alexandria Real Estate sells fully leased building in Carlsbad
This one-story office building overlooking the Pacific in Carlsbad sold for $64.1 million, significantly less than its previous sale price. (CoStar)
This one-story office building overlooking the Pacific in Carlsbad sold for $64.1 million, significantly less than its previous sale price. (CoStar)
By Sage Gusti with
CoStar Research
January 23, 2026 | 10:59 P.M.

Alexandria Real Estate Equities has sold a fully leased one-story office property in Carlsbad, California, for $64.1 million, or approximately $354 per square foot. The buyer of record is MJ Make LLC.

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