| Investor Buys Three Parcels Near San Diego International Airport
Three land parcels near San Diego International Airport, totaling 52.3k sf, were purchased by California & Bean LLC for $2.5 mil. The properties, located at 3596, 3625 and 3630-3636 California St, were sold by TOB Properties ...
| Escondido Multifamily Asset Trades for $16.5 Mil
In a San Diego area multifamily investment buy, Vista International Inc purchased Estancia Apartments, a 100-unit asset located at 725 N. Fig St in Escondido, less than a mile from the city’s downtown. The property was sold b...
| Strong First Quarter for San Diego’s Industrial Market
San Diego’s industrial market is off to a strong start in 2016 with many market fundamentals pointing toward continued improvement throughout the year, according to a first quarter 2016 report provided to us by CBRE.
| San Diego Retail Market Looks Stable
Fundamentals for San Diego’s retail market were stable this quarter, according to the latest research from CBRE. The region continued to be impacted by changes in the grocery store industry this quarter, however, that trend i...
| Solana Beach Retail Property Trades for Over $800/sf
A Canadian-based real estate investment fund has purchased Gateway @ Cedros, an 8k sf, coastal retail center in Solana Beach. The sale price was $6.725 mil, which works out to very healthy $837/sf.
Gateway @ Cedros is a 100...
| Chelsea Investment Corporation Buys Four-Acre San Diego Property
A four-acre property in San Diego that currently includes a 16.8k sf retail center sold for $6.575 mil. The property, located at 7811 Mission Gorge Road, east of I-15 and north of I-8, was purchased as a redevelopment opportu...
| Office Building in San Diego’s Scripps Ranch Goes for $208/sf
A two-story, 21.4k sf office property in San Diego’s Scripps Ranch submarket sold for $4.45 mil ($208/sf). Built in 1980, the property is located on 1.1 acres at 10065 Old Grove Rd, adjacent to Ballast Point Brewery. At the t...
| Cornerstone Real Estate Advisers Refinances Carlsbad Retail Center
Cornerstone Real Estate Advisers LLC has obtained a $43 mil refi loan for Bressi Ranch Village Center, a Class A, 116.4k sf grocery-anchored retail center in Carlsbad.
Completed in 2010, Bressi Ranch Village Center is loca...
| San Diego Office Market Off to a Good Start in 2016
Colliers International has provided this first quarter 2016 review of San Diego County’s office market. The report was prepared by Christopher Reutz, Colliers International, Research Director | San Diego Region
| San Diego Office Tower Trades Hands
A partnership between Gemini Rosemont and Central Properties purchased 610 West Ash, a 19-story, 177.5k sf, Class A office tower in downtown San Diego. The price was not disclosed.
610 West Ash is located in San Diego’s Litt...
| San Diego Apartment Property Sells for $144k/Unit
The Villa Madrid Apartments, a 25-unit apartment complex in San Diego, sold for $3.6 mil, or $144k/unit. The complex is located at 4812 70th St in the Rolando submarket, near San Diego State University.
The property consis...
| RAF Pacifica Group Purchases 277k sf San Diego Industrial Portfolio
RAF Pacifica Group has acquired a 277k sf portfolio consisting of 16 individual buildings throughout six multi-tenant industrial business parks in San Diego County. The acquisition price was not disclosed, although we do know...
| The Bascom Group Buys 43-Unit Asset in Escondido
The Bascom Group LLC has acquired Juniper Terrace, a 43-unit apartment community in Escondido, for $7.7 mil ($179k/unit). The property is located at 1580 South Juniper St, east of I-15 and south of Hwy 78.
Built in 1973, the...
| Apartment Property in Alpine, CA Goes for $159k/Unit
A 24-unit apartment complex in Alpine, CA sold for $3.825 mil, or $159.4k/unit. The 22.1k sf property is situated on a 36.2k sf lot at 1319 Marshall Rd, just south of I-8, about 30 miles east of downtown San Diego.
Built in ...
| San Diego Wendy’s Sells for Over $1,400/sf
A 2.8k sf, single-tenant Wendy’s restaurant in San Diego County sold for $4.125 mil, or $1,473/sf. The NNN property includes a drive-thru and is located on .84 acres at 8749 Campo Rd, near the intersection of Spring St and Ca...
| Imperial Beach Res Purchase Offers Value-Add Upside
Shamrock Landing, a 12-unit res complex on a 9k sf lot in San Diego’s Imperial Beach area, sold for $1.915 mil ($16k/unit). The 8.3k sf property, located at 1193 Florence St, was acquired by Mar City III LLC.
Constructed in ...
| Rexford Industrial Realty Spends $24 Mil on Two SoCal Assets
SoCal-based Rexford Industrial Realty Inc has acquired two industrial properties for a combined total price of $24.5 mil. The acquisitions were funded with cash on hand and borrowings under the company’s line of credit. Both ...
| San Diego Multifamily Asset Trades for $16.5 Mil
Park East Apartments, a 56-unit residential complex in San Diego’s Hillcrest submarket, sold for $16.5 mil, or $295k/unit. The property is located at 111 West Pennsylvania Ave, east of San Diego International Airport and sout...
| Walker & Dunlop Arranges $12 Mil Refi on Carlsbad Retail Center
Walker & Dunlop Inc structured a $12 mil refi loan for Los Coches Village, a 67k sf grocery-anchored shopping center in Carlsbad. The property, located at 3235-3251 Rancho Santa Fe Rd and 3231, 3247,3263 Camino de los Coches...
| Four-Property Industrial Portfolio in San Diego Sells
RAF Pacifica Group and Stos Partners have purchased a 12-building, multi-tenant industrial/flex portfolio in San Diego. The four-project portfolio totaling 191.9k sf of space, includes Carroll Way Industrial Park, Sorrento Me...