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9/14/16
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A 19.2k sf, two-story multi-tenant office building in San Diego sold for $4.2 mil, or $219/sf. The building sits on 1.32 acres at 17065 Camino San Bernardo, north of Hwy 56 and just west of I-15.
At the time of sale, 17065 Camino San Bernardo was fully occupied by two tenants including ProEst, a construction estimating software company, and the Technology Services Industry Association (TSIA), a technology-industry organization dedicated to advancing the business of technology and services.
Marc Posthumus of Colliers International San Diego Region represented the seller, MIS Limited LLC. The buyer, SD BLDG LLC, had no outside representation.
“This was one of the few investment sales in Rancho Bernardo this year and provided a unique opportunity to acquire a fully-leased property near the rapidly-growing residential neighborhoods of 4S Ranch and Del Sur,” said Posthumus, Vice President at Colliers International San Diego Region.
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