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• Pacific Beach Apartment Building Goes for $662k/Unit
6/16/20
A four-unit apartment property in San Diego’s Pacific Beach neighborhood sold for $2.65 mil, or $662.5k/unit. The 5.2k sf property is situated on a 6.2k sf lot at 1050-1056 Diamond St.
Built in 1992, the property is just thr...
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• SoCal Investors Trade 33-Unit Res Asset in El Cajon
6/15/20
Willow Creek, a 33-unit apartment community in El Cajon, traded in a deal worth $8.55 mil, or $259k/unit. Built in 1987, Willow Creek is located at 8410 Los Coches Rd, adjacent to the west side of I-8.
Willow Creek is a thre...
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• Providence Capital Group Makes $8.25 Mil Industrial Acquisition in Escondido
6/15/20
Providence Capital Group, a San Diego-based owner and investor, paid $8.25 mil for Pinnacle Business Park, a 41k sf ($201/sf), multi-tenant industrial asset located at 2750 Auto Park Way in Escondido. The property was sold by...
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• Carlsbad Industrial Asset Sold for $44 Mil
6/12/20
In a recent industrial investment buy out of Carlsbad, a newly constructed, 169.8k sf, Class A facility sold for $44 mil, or $259/sf. The property, Vector, is 100% leased to two tenants.
Located at 2882 Whiptail Loop East, n...
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• SENTRE Buys 75k sf Office Asset in Carlsbad
6/10/20
San Diego-based SENTRE purchased Ocean Ridge, a 75.9k sf, Class A office building in Carlsbad. The property was sold by Denver-based real estate investment and operating company Miller Global Properties.
Located at 5796 Arma...
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• Sorrento Mesa Life Science Property Sales Total $17 Mil
6/09/20
We’ve learned of four recent transactions totaling about $17 mil in San Diego to share with you. The properties are all located in the thriving life science submarket of Sorrento Mesa and all closed within a three-week period...
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• Sudberry Properties Completes The Hampton Inn & Suites by Hilton at Breakwater Town Center
6/05/20
The Hampton Inn & Suites by Hilton at Breakwater Town Center in San Diego’s Imperial Beach area has opened to the public. The newly constructed, 100-guestroom hotel is a development of Sudberry Properties. Located at 771 Palm...
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• Coastal Carlsbad Res Building Sells for $383k/Unit
6/02/20
Maple Polynesian Apartments, a 6-unit residential complex in Carlsbad, was purchased by LA Mer Properties LP for $2.3 mil ($383k/unit). The 3.6k sf property is located at 137 Maple Ave, just a few doors east of Carlsbad Blvd ...
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• Older Apartment Building in San Diego’s Pacific Beach Area Sells for $356k/Unit
5/29/20
An eight-unit complex in San Diego’s Pacific Beach neighborhood sold for $2.85 mil, or $356.3k/unit. The 5.3k sf property sits on a 6.2k sf lot located at 1524 Missouri St, north of Mission Bay roughly midway between I-5 and ...
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• Longfellow Real Estate Partners Closes Biz Park Buy in San Diego’s Sorrento Mesa Area
5/22/20
In a recent San Diego biz campus buy, Longfellow Real Estate Partners purchased Sorrento Tech campus in Sorrento Mesa for $39 mil. The property is comprised of three creative office/R&D buildings totaling more than 93.5k sf (...
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• Qualcomm Renews 144k sf San Diego Area Lease
5/21/20
Qualcomm has renewed its lease for the entire Sorrento Corporate Center, a 144k sf office campus located on nine acres at 9940 and 9950 Barnes Canyon Road in San Diego. Terms of the deal were not disclosed.
Sorrento Corporat...
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• Escondido Dev Site Trades Hands
5/19/20
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
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• Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
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• Sorrento Mesa Building Trades in Sale/Partial Leaseback Deal
5/08/20
A 38k sf office building in Sorrento Mesa was purchased by local biotech company BPS Bioscience for $8.55 mil, or $225/sf. The building, located at 6405 Mira Mesa Blvd in the Central San Diego submarket, was sold by Vancouver...
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• Exchange Investor Pays $630/sf for San Diego Area Vons Store
5/07/20
A 44k sf Vons grocery store in San Diego was acquired by a Los Angeles-based private investor for $27.7 mil ($630/sf).
Located at 4145 30th St in the North Park neighborhood of San Diego, the building sits one half-mile wes...
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• Investor Pays over $400/sf for Five Guys Building in San Diego
5/07/20
A 4.5k sf retail building in San Diego’s Pacific Beach neighborhood sold for $1.9 mil ($422/sf). The building, located at 1020 Garnet Ave, is currently occupied by Five Guys.
Brian Pyke and Allison Campbell of Retail Insite...
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• Pain Management Group Buys San Diego Medical Office Property
5/06/20
In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diego’s Midway District.
Located at 3434 Midway Drive, the two-story bu...
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• Investor Pays $242k/Unit for Escondido Res Property
5/06/20
A 39-unit apartment complex in Escondido sold for $9.46 mil, or $242.5k/unit. The 37.5k sf property is situated on a 114.6k sf lot at 1440 N. Broadway, north of El Norte Pkwy and east of I-15.
Built in 1978, the property co...
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• Sorrento Mesa Owner/User Building Purchase Comes in at $5.3 Mil
5/05/20
Oberlin Realty LLC acquired a 21.3k sf, office, flex, R&D building in Sorrento Mesa for $5.3 mil ($249/sf). The buyer plans to occupy the entire building, which it will utilize for its biotech business.
Located at 10179 Huen...
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• Calexico ALDI Ground Lease Purchased for $2.64 Mil
5/05/20
A NNN ground-lease for a single-tenant ALDI in Calexico, CA sold for $2.64 mil. The deal came in at a 5% cap rate.
Located at 2450 Rockwood Ave in Calexico, roughly two miles north of the Mexicali/Calexico border crossing, ...
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