Cushman & Wakefield has announced the sale of Raceway Industrial, a premier 228,548-square-foot Class A logistics facility located at 3125 Lionshead Avenue in Carlsbad, California. The facility was sold for $72,886,000, making it the second-largest industrial transaction in San Diego County for 2025.
Representing the institutional seller in the deal were Aric Starck and Drew Dodds of Cushman & Wakefield. On the buyer’s side—private capital investors—Brant Aberg and Bryce Aberg also of Cushman & Wakefield served as representatives.
“The sale of 3125 Lionshead marked the second largest industrial transaction in San Diego County in 2025, as one of the largest freestanding industrial sites in the county,” said Starck. “The property was 100% leased to UPS, an investment-grade Fortune 500 tenant, on a long-term basis. This secure tenancy provides consistent income growth and stability, supported by UPS’s strong credit profile and long-standing track record as a global logistics leader.”
Raceway Industrial was newly constructed in 2024 and includes 4,369 square feet of first-story office space, along with an additional 4,000-square-foot mezzanine office component. The facility’s strategic tenancy and modern features make it a significant asset in the region’s industrial landscape.
