The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SAN DIEGO NEWS
Printer-friendly Version   Email an Associate
La Jolla Office Campus Trades in $97 Mil Transaction

5/18/18

The Campus on Villa La Jolla, a five-building, 198.5k sf mixed-use campus in La Jolla, was purchased by GPI Companies for $97.1 mil ($489/sf). Located at 8910 to 8980 Villa La Jolla Dr, the the sprawling coastal asset sits on 6.78 acres just west of I-5, close to the Pacific Ocean.

The property is 83% occupied and includes a three-building professional center with office and medical tenants; a newly built, state-of-the-art standalone medical office building; and a restaurant building fully occupied by Rock Bottom Brewery & Restaurant. Just over half of The Campus on Villa La Jolla is leased to the Regents of the University of California. The University of California, San Diego’s (UCSD) main campus is physically connected to the property via a walking bridge that passes over La Jolla Village Drive, connecting UCSD directly to The Campus.

Kevin Shannon, Brunson Howard, Ken White, Paul Jones and Rick Stumm with NKF Capital Markets represented the seller, La Jolla Village Professional Center Associates. The buyer was self-represented.

“The competition for this prime coastal location was fierce as many buyers were attracted to the upside of the opportunity via lease up and repositioning, as well the tremendous scarcity of this type of for-sale product in the UTC market,” said Shannon.

Howard added, “This property is primed to benefit from the $1 billion revitalization of UTC Westfield Mall, as well as the pending completion of the Mid-Coast Corridor Transit Project, and offers tenants walkable access to mass transit and world-class retail amenities.”






Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media