C3 Capital financed the acquisition of a industrial park land in Carlsbad, CA. The subject consists of two contiguous parcels totaling 3.74 acres. The area surrounding the subject has been mostly built-out over the last 5 to 10 years. The subject is located less than one mile north of Palomar Airport Road/W. San Marcos Boulevard, in between Interstate 5 and State Route 78. The site is surrounded mainly by industrial, office and R&D buildings, with multi-family and single-family residential also in the general area. In addition, The Carlsbad Premium Outlets are located in close proximity to the subject.