Commercial real estate
The retail center at Roosevelt and Grand in Carlsbad Village. Photo credit: Courtesy, Commercial Asset Advisors

A multi-tenant retail center in Carlsbad Village has been sold for $7.36 million, according to brokerage officials.  

Benchmark Pacific Ltd. II, represented by Commercial Asset Advisors, sold the 13,000-square-foot center, located at 2805-2855 Roosevelt St. and 570-596 Grand Ave., to The Caine Group Inc., represented by Joe Brady of Urban Property Group.

“Carlsbad Village is one of the most dynamic and gentrifying neighborhoods in North County – and this property is right in the heart of it,” said CAA Principal Mike Conger.

“The sale,” he continued, “achieved the seller’s goals while allowing the buyers an opportunity to acquire a unique asset that was under private family ownership for almost 20 years.”

Conger’s firm is a San Diego-based commercial real estate brokerage.