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11/16/22
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There have been nine new leases totaling 26k sf of space over the last 18 months at 4250 Pacific Hwy in San Diego. The transactions bring the building to 60% leased and have a combined value of roughly $4 mil.
The two-story, 75.4k sf office building was initially built in the 1980s. It was recently renovated, including a new exterior, paint, lighting, signage, new common areas and restrooms, repaved and striped parking lot and electronic car charging stations. The structure is owned by Casey Brown Company.
Situated three miles north of the San Diego International Airport, the property sits at the intersection of Barnett Ave and Pacific Hwy, directly across from NAVWAR, the U.S. Navy's hub for information warfare systems command. The building has suites available to lease ranging in size from 1.2k sf to 20k sf.
The property is within walking distance of numerous transportation and mixed-use developments, including Old Town San Diego's transportation hub to access the Blue Line Trolley extension, and is one block adjacent to THE POST, an under-construction residential building at the Midway U.S. Post Office.
The following tenants have signed new leases: CaVU Consulting (6k sf), Sellers and Associates (6k sf), Bright Ideas (4.2k sf), Xsite Engineering (2.4k sf), Archive Storage (2.4k sf), SalCo Electric (1.8k sf), J2E Technology (1.2k sf), Rhino California (1.2k sf) and Sage CS (1.2k sf). CBRE’s Dick Balestri and Cole Martinez represented Casey Brown Company in the transactions.
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