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January 26, 2020
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SAN DIEGO NEWS
Archive
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• Carlsbad Medical Office Building Goes for $758/sf
10/22/19
A freestanding, 6.4k sf medical office building in Carlsbad sold for $4.85 mil, or $758/sf. Located at 2020 Cassia Rd, the building is currently divided into three suites, each with their own exterior entrance. The building i...
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• Commercial Real Estate Financing Briefs
10/21/19
JLL - Aldon Cole and Daniel Pinkus with JLL have arranged $57.5 mil in financing for Latitude 37, a two-phase, 172-unit luxury mid-rise apartment community in South San Jose. Latitude 37 is located on three acres at 1255 and ...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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• SENTRE Spends $19 Mil on San Marcos Retail Asset
10/11/19
San Marcos Village, a 96.6k sf, grocery/discount-anchored neighborhood center in San Marcos, Was acquired by San Diego-based SENTRE Inc in a $19.25 mil ($199/sf) transaction. At the time of sale, the property was 92% leased t...
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• Virtus Real Estate Capital Makes $20 Mil San Diego Area Office Buy
10/11/19
Virtus Real Estate Capital purchased Sunroad Plaza, a 71.9k sf office campus in San Diego’s Rancho Bernardo area, for $19.9 mil, or $277/sf. The two-building complex, located at 11770 Bernardo Plaza Ct, was sold by Sunroad En...
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• Avison Young Acquires San Diego-Based McKinney Advisory Group Inc
10/09/19
Avison Young has acquired San Diego-based brokerage and property management firm McKinney Advisory Group Inc. The purchase represents Avison Young’s first acquisition in San Diego and further expands the company’s full-servic...
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• Creative Office Building in San Diego Fetches $500/sf
10/02/19
System Property purchased a 17.3k sf creative office building in San Diego’s Bankers Hill for $8.68 mil, or about $500/sf. Located at 3043 4th Ave, the single-tenant building is 100% leased to RealPage Inc, a global provider ...
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• OnPoint Development Buys 3.7-Acre Retail Dev Site in Oceanside
10/02/19
OnPoint Development has acquired a 3.728-acre retail land parcel in Oceanside for $4.5 mil ($28/sf). OnPoint plans to develop a multi-tenant retail center including a gas station and car wash on the site, located at 3340 Miss...
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• Upscale Residential Community in Vista has Been Completed
9/30/19
Construction is now complete on Breeze Hill Apartments – a fully amenitized, 88-unit luxury multifamily community in Vista. The rental community, owned and developed by a partnership of San Diego-based Pathfinders Partners an...
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• LPC West Buys Sorrento Mesa Industrial Building for Over $10 Mil
9/27/19
LPC West Inc, the West Coast operating company of Lincoln Property Company, has acquired a 62.4k sf industrial building on three-and-a-half acres of land in San Diego’s Sorrento Mesa area. LPC West purchased the property, loc...
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• Exchange Investor Pays $450/sf for San Diego Area Retail Center
9/25/19
A Los Angeles-based private investor purchased Sabre Springs Plaza, a 15k sf, retail convenience center in San Diego for $6.8 mil ($453/sf) as part of a 1031 exchange. The deal closed at a 5.58% cap rate. Built in 2004, Sa...
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• Industrial Building in Vista Sells for Record $217/sf
9/24/19
A single-tenant, 10.9k sf industrial building in Vista traded hands in a $2.375 mil transaction. The transaction works out to a record setting price of $217/sf for an industrial building in Vista. The building is located at ...
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• San Diego Apartment Sale Comps at $231k/Unit
9/20/19
A 21-unit residential complex in San Diego sold for $4.85 mil, or $231k/unit. The 18.3k sf property is situated on an 18.7k sf lot at 4538 Norwood St, east of I-15 and south of I-8. The property consists of seven two-bedroom...
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• County of San Diego Buys 51 Acres for Development of an Emergency Vehicle Operation Center
9/20/19
The County of San Diego purchased 51 acres of land in Otay Mesa for $27.7 mil. The property, located at the Southeast corner of Alta Rd and Otay Mesa Rd, is comprised of three finished industrial lots. The property will be ...
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• Carlsbad Multifamily Sale Comes in at $272k/Unit
9/19/19
Roosevelt Apartments, a 10-unit apartment complex in Carlsbad, traded hands at a price of $2.72 mil, or $272k/unit. Located at 3366 Roosevelt St, the property consists entirely of one-bedroom units. Situated in San Diego’s ...
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• San Diego Area Industrial Property Sells for $200/sf
9/18/19
A 46.9k sf, stand-alone industrial building located in San Diego’s Rancho Bernardo neighborhood sold for $9.5 mil, or $203/sf, in an off-market transaction. The property, located at 12375 World Trade Drive, is a highly funct...
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• San Diego Apartment Comp Comes in at $300k/Unit
9/18/19
A seven-unit apartment complex in the Point Loma neighborhood of San Diego sold for $2.1 mil, or $300k per unit. Point Loma is a popular area in San Diego, offering many amenities and recreational activities for residents and...
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• San Diego Area Office Campus Trades for Just Under $9 Mil
9/16/19
Southport Office Park, an eight-building, 33.9k sf complex in San Diego’s National City submarket, sold for $8.75 mil, or $258/sf. The property is located at 102, 132 and 202 Mile of Cars Way, 2403, 2435, 2425 and 2427 Hoove...
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• Rexford Industrial Realty Spends $110 Mil on Five SoCal Assets
9/10/19
Rexford Industrial Realty has acquired five SoCal industrial properties totaling 488k sf for a combined price of $110.3 mil and has also sold two properties for $12.8 mil. The acquisitions were funded using cash-on-hand as we...
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• Liberty National Corporation Acquires Additional Development Land in Downtown San Diego
9/09/19
Liberty National Corporation acquired 0.69 acres (30k sf) of land prominently located at the intersection of Park Blvd and Broadway in downtown San Diego’s East Village. The land was sold by the Salvation Army. The site is ...
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