| LPC West Buys Sorrento Mesa Industrial Building for Over $10 Mil
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...
| Exchange Investor Pays $450/sf for San Diego Area Retail Center
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...
| Industrial Building in Vista Sells for Record $217/sf
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 ...
| San Diego Apartment Sale Comps at $231k/Unit
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...
| County of San Diego Buys 51 Acres for Development of an Emergency Vehicle Operation Center
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 ...
| Carlsbad Multifamily Sale Comes in at $272k/Unit
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 ...
| San Diego Area Industrial Property Sells for $200/sf
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...
| San Diego Apartment Comp Comes in at $300k/Unit
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...
| San Diego Area Office Campus Trades for Just Under $9 Mil
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...
| Rexford Industrial Realty Spends $110 Mil on Five SoCal Assets
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...
| Liberty National Corporation Acquires Additional Development Land in Downtown San Diego
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 ...
| Dollinger Properties Spends $16 Mil on Two San Diego-Area Office Buildings
Two single-tenant office buildings totaling 60.1k sf of space in San Diego sold for $16 mil ($266/sf). The buildings, located at 8965 Balboa Ave and 3255 Camino Del Rio South, were purchased by Dollinger Properties as part of...
| Rexford Industrial Realty Closes $8.2 Mil Purchase in San Diego
Rexford Industrial Realty paid $8.2 mil for a 27.3k sf ($300/sf) industrial building in San Diego’s Miramar area. The property is located at 5725 Eastgate Dr, one mile from Miramar Road, one of the primary east-west thoroughf...
| San Diego Apartment Sale Comps at $250k/Unit
A 16-unit complex in the Hillcrest neighborhood of San Diego sold for $4 mil, or $250k/unit. The 8.8k sf property is situated on an 11.2k sf lot at 3102-08 1st Ave.
The property’s unit mix consists of one three-bedroom/two-b...
| Oceanside Retail Center Sells
Mission Square, a 161.2k sf shopping center in downtown Oceanside, traded hands. The price was not disclosed.
Mission Square is located at 1002-1064 Mission Ave and 306-326 N. Horne St, adjacent to the west side of I-5. At t...
| Oceanside Multifamily Asset Sells in $66 Mil Transaction
A joint venture between IDEAL Capital Group and Aegon Real Assets US closed on a major multifamily buy in Oceanside, paying $66.25 mil for Sunterra Apartments, a 240-unit ($276k/unit) asset located at 3851 Sherbourne Dr.
| Apartment Property in Spring Valley Gets New Owner in $6 Mil Deal
A 28-unit multifamily complex in Spring Valley sold for $6 mil, or $214k/unit. The 27.4k sf property sits on a 43.6k sf lot at 9109 Kenwood Dr, east of Hwy 125 and south of Hwy 94.
Built in 1985, the property consists of 27 ...
| Upscale Retail Center in Carlsbad Sells for $468/sf
The Beacon La Costa, a 123k sf, upscale retail center in Carlsbad, was purchased by Asana Partners in a recent $57.6 mil ($468/sf) in an off-market transaction. The center is located at 7710-7770 El Camino Real, east of I-5 a...
| Kearny Mesa Office Property Replaced by State-of-the-Art Industrial Facility
A three-story, 35k sf office complex in Kearny Mesa has been demolished and replaced by a new, state-of-the-art industrial building. The new building replaces a 1980 vintage office building with tight parking that had been re...
| Mixed-Use Project Planned for Mission Bay
Protea Properties is planning to build a new mixed-use project along the Morena Blvd corridor in San Diego’s Mission Bay. The project, called Bayview Plaza, is expected to add 156 res units and 40k sf of commercial space at ...