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• Kearny Mesa Office Building Sold to IDS Real Estate in $23.75 Mil Deal
12/20/19
IDS Real Estate Group purchased a 148.5k sf office building in San Diego’s Kearny Mesa area for $23.75 mil ($160/sf). The asset was sold by Massachusetts-based real estate investment trust Office Properties Income Trust.
Loc...
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• Oceanside Biz Park Attracts $20 Mil Buyer
12/17/19
Copperwood Center, a 141k sf industrial park in Oceanside, was acquired by Newport Beach-based CB Copperwood LLC for $20.05 mil, or $142/sf. Located at 3365, 3375 and 3385 Mission Ave, and 101, 102, 105, 106 and 110 Copperwoo...
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• Res Asset in San Diego’s UTC Submarket Goes for $375k/Unit
12/16/19
Mark Gosselin, president of Property West Residential Inc, paid $22.5 mil for La Jolla Park West, a 60-unit ($375k/unit) multifamily property located in San Diego. The asset, situated in San Diego’s highly coveted University ...
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• Johnson Storage & Moving Co Collects $8.47 Mil from Dispostion of 60k sf Otay Mesa Building
12/16/19
A 59.8k sf, Class A industrial building in Otay Mesa sold for $8.47 mil ($142/sf). The building is fully occupied by Johnson Otay LLC, dba Johnson Storage & Moving Co, which sold the property to Eastgroup Properties in a sale...
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• Office Building in San Diego’s Bankers Hill Sells for $269/sf
12/13/19
A private local investor purchased Park West Square, a 13k sf office building in San Diego’s Bankers Hill, for $3.5 mil ($269/sf). Located at 2121 5th Ave, the two-story office building was originally built in 1980.
Park Wes...
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• Acquisition of Downtown San Diego Development Site Funded with $7 Mil Loan
12/09/19
San Francisco-based India & Beech LLC acquired a 10k sf land parcel in the Little Italy neighborhood of downtown San Diego for development of a high-rise residential/retail tower. The $7.1 mil purchase is being funded by a $7...
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• Buyer spends $3.7 Mil on Retail Building in Oceanside
12/06/19
A 12k sf, multi-tenant retail building in Oceanside has sold for $3.7 mil, or $308/sf. The property is located at 417-431 S. Coast Highway, south of Mission Ave between I-5 and the coast.
At the time of sale, the property wa...
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• Mixed-Use Asset in San Diego Purchased for $5.5 Mil by Midwest Investment Properties
12/05/19
A 12.4k sf retail and residential mixed-use property in San Diego’s South Park neighborhood sold for $5.5 mil ($443.50/sf). The 14.4k sf parcel is located at 3006-3020 Beech St, north of Hwy 94 between I-15 and Balboa Park.
...
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• Recent Signings Bring San Diego Office Complex to 95% Leased
12/04/19
New leases with six companies have brought Old Town Plaza, a two-building, 65k sf office park in the Old Town area of San Diego, to 95% leased. The asset, located at 2251 San Diego Ave, is owned by Casey Brown Company.
These...
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• Downtown San Diego Industrial Building Trades between Owner/Users
12/03/19
A 17.8k sf, industrial building near downtown San Diego was acquired for $3.61 mil ($203/sf) by Inline Distributing Company, a construction supply company. It was sold by Padres Janitorial Supplies, a San-Diego-based cleaning...
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• Regal Cinemas Agrees to New 10-Plex at Oceanside Retail Center
12/02/19
Regal Cinemas has agreed to open a new 40k sf, 10-plex theater at NewMark Merrill’s Mission Marketplace, a 348.3k sf retail center in Oceanside. The center is located at 427 College Blvd, at the northwest corner with State Ro...
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• $20 Mil Renovation Completed at Sorrento Mesa Life Science Campus
11/21/19
BioScience Properties has completed a $20 mil renovation of TEN770, a 183.6k sf, Class A Life Science campus in San Diego’s Sorrento Mesa area. TEN770, located at 10770 Wateridge Circle, was 60% preleased prior to constructio...
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• Dollinger Properties Buys $23 Mil Biz Park in San Diego’s Scripps Ranch Submarket
11/19/19
In a recent investment buy out of San Diego’s Scripps Ranch submarket, Dollinger Properties paid $23.2 mil for Scripps Ranch Business Park, a 94.3k sf ($246/sf), fully leased R&D/industrial park. The asset was sold by a partn...
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• Carlsbad Creative R&D Campus Trades for $23 Mil
11/18/19
Element, a multi-building 83.2k sf campus in Carlsbad has sold for $23.1 mil, or $278/sf. The property was 100% leased to seven tenants at the time of sale.
Element consists of three buildings located at 2232, 2234 and 2236 ...
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• San Diego Area Res Property Comps at $232k/Unit
11/15/19
Hollister Creek Village Apartments, a 46-unit multifamily property in Nestor, CA, was acquired for $10.7 mil ($232.6k/unit) by Equity Four Properties LLC, a subsidiary of Viewpoint Equities Inc. The buyer assumed an existing ...
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• Investor Exchanges into $9.17 Mil Carlsbad Industrial Property
11/12/19
An unidentified 1031 exchange investor paid $9.17 mil for a 34.3k sf ($267/sf), freestanding flex industrial property in Carlsbad. Located at 2251 Rutherford Rd, the building has recently been renovated and transformed into a...
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• Santee Industrial Property Sells for $133/sf
11/07/19
A two-building, 36.3k sf industrial property in Santee was acquired by San Diego-based Pearl and Herschel LLC in a $4.85 mil ($133/sf) deal. The property sits on a 2.12-acre parcel at 8745-8747 N. Magnolia Ave, in the northwe...
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• SENTRE Buys 60k sf San Diego Area Office Property
11/06/19
SENTRE purchased West Bernardo Corporate Center, a 60.3k sf office building in Rancho Bernardo. Located at 15822 Bernardo Center Dr, the freestanding building was originally built in 1985 and underwent a significant renovatio...
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• ZTELCO Buys 8k sf HQ Facility in Poway
10/31/19
ZTelco, a fast-growing phone and internet service provider, has acquired a freestanding 8.8k sf building in Poway for $2 mil, or $227/sf. ZTelco will use the property, located at 12585 Kirkham Rd, as its new headquarters.
ZT...
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• 15.7-Acre Development Site in Del Mar Heights Purchased for $70 Mil by Gemdale USA Corporation and Lincoln Property Company
10/30/19
Aperture Del Mar, a a 15.72-acre, fully-entitled, infill development opportunity located in the coastal, highly affluent and amenity-oriented Del Mar Heights submarket of San Diego, was acquired by a partnership of Gemdale US...
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