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September 15, 2019
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• 6.2-Acre Retail Land Site in Oceanside Sells for $5 Mil
A 6.2-acre retail land parcel in Oceanside sold for $5 mil ($115/sf). Located at 4170-4196 Oceanside Blvd, the parcel is currently developed as the Plaza Rancho del Oro retail center. Tenants at the 168k sf retail center inc...
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• San Marcos Medical Office Condo Purchased at $587/sf
A 20.2k sf, single-tenant, net-leased medical office condo in San Marcos traded hands in a recent deal worth $11.85 mil ($587/sf). The condo is leased to California Cancer Associates For Research & Excellence (cCARE), the lar...
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• Sunroad Enterprises Secures $222 Mil in Refinancing on Two Kearny Mesa Res Complexes
Sunroad Enterprises has obtained $222.5 mil in refi money on two, Class A multi-housing properties totaling 803 units within the 232-acre Centrum Master Plan in San Diego’s Kearny Mesa submarket. The 10-year, fixed-rate loan ...
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• San Marcos Mobile Home Community Sells for $11.5 Mil
El Dorado Park, an 8.27-acre mobile home community located in San Marcos, sold for $11.5 mil. The property is located at 1515 Capalina Rd, west of I-15 and just north of Hwy 78. El Dorado Park includes 93 mobile home spaces ...
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• Parallel Capital Partners Purchases 200k sf San Diego Area Office Asset
San Diego-based Parallel Capital Partners has acquired Sky Park Office Plaza, a two-building, 203.3k sf office complex in San Diego’s Kearny Mesa area, for $50.6 mil ($249/sf). The Class A property covers 5.8 acres at 9275 an...
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• Tappan Corporation Buys Office Building in San Diego’s Miramar Area
SoCal-based Tappan Corporation has acquired Sorrento Ridge, a 103.3k sf, three-story office building in the Miramar submarket of San Diego County. The price was undisclosed. Sorrento Ridge sits on 4.38 acres at 7220 Trade St...
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• JLL Income Property Trust Spends $90 Mil on San Diego Medical Office Asset
JLL Income Property Trust has acquired Genesee Plaza, a Class A, 160.5k sf two-building medical office campus in San Diego, for $90 mil ($559/sf). The complex is located at 9333-9339 Genesee Ave, north of Miramar Rd, roughly ...
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• El Cajon Res Property Sells for $184k/Unit
Casa Del Sol Apartments, a 20-unit multifamily complex located in the East County area of San Diego, traded hands for $3.68 mil, or $184k/unit. The 15.4k sf property is located at 922 S. Sunshine Ave, off I-8 in El Cajon. Th...
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• Skyline Displays Leases 17k sf of Space in El Cajon
Skyline Displays of San Diego signed a $2.4 mil lease for a 17.6k sf warehouse property in El Cajon. The property is located at 1940 Weld Blvd, south of Hwy 52 and east of Hwy 125. Skyline, an industry leader in trade show ...
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• Stos Partners Completes Four SoCal Industrial Purchases for $25 Mil
Stos Partners has acquired four SoCal industrial properties encompassing 177.9k sf at a total cost of $25 mil. One of the properties is in Temecula while the other three are in San Diego. In the Temecula deal, Stos Partners ...
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• San Diego Apartment Sale Comp Comes in at $368k/Unit
The Madrid, a 19-unit apartment community located at 1530 Chalcedony in San Diego, sold for $7 mil, or $368.4k/unit. The building includes a mix of large one-bedroom and two-bedroom, two-bath floor plans. It is located in t...
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• RAF Pacifica Group Closes $20 Mil Office Buy in Carlsbad
RAF Pacifica Group has acquired a 121.5k sf office building in Carlsbad for $20.2 mil ($166/sf). The property, located at 1950 Camino Vida Roble, was sold by an institutional investor. In addition to adding a new façade, RAF...
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• Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
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• Equinvests Capital Spends $8.8 Mil on Carlsbad Office Asset
Camino West Corporate Park, a 54.8k sf office building in Carlsbad, was purchased by San Diego-based Equinvests Capital in an $8.8 mil ($161/sf) transaction. The property, situated on 4.42 acres of land at 2035 Corte del Noga...
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• Alvarez & Marsal Capital Real Estate Buys Mission Federal Credit Union Former HQ
Alvarez & Marsal Capital Real Estate has acquired the former headquarters for Mission Federal Credit Union in San Diego, a 61.4k sf office building in the city’s Sorrento Mesa area, for $10.4 mil ($169/sf). The building, loca...
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• El Cajon Multifamily Property Gets New Owner in $13 Mil Transaction
In an El Cajon multifamily trade, A.L. Group LLC purchased The Heritage, a 56-unit complex, for $12.95 mil ($225k/unit). The 43.4k sf property sits on a 70k sf lot at 360 North 1st St. Built in 1973 and thoroughly remodeled...
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• Poway Property Secures $32 Mil in Financing for Construction of 97k sf Mixed-Use Development
Poway Property LP has obtained $31.85 mil in construction financing for the continued development of Outpost, a three-building, 97.2k sf mixed-use project located at 13247 Poway Rd in Poway. The loan was provided by Parkview ...
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• Sterling Organization Pays $27 Mil for San Diego Area Shopping Center
Sterling Organization has acquired Poway Crossings, a 109.5k sf community shopping center in San Diego County. The property was purchased from Greenstreet Partners on behalf of Sterling Organization’s latest institutional Val...
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• San Diego Area Industrial Complex Trades in $25 Mil Deal
Chula Vista Industrial Center, a two-building 158.1k sf Class A industrial property in Chula Vista, was acquired for $25.7 mil ($163/sf) by a partnership of New York-based KKR and Chicago-based Alpha Industrial Properties (AI...
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• Sudberry Properties Starts Construction on 409k sf Otay River Business Park
Sudberry Properties has commenced construction on Otay River Business Park, a 409.5k sf, industrial development on 50 acres less than a mile east of I-5 in Chula Vista. The mixed-use project will feature industrial, warehous...
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