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10/13/14
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Seaward Property Management LLC purchased an 18.1k sf industrial building in San Diego for $2.45 mil, or $135/sf. The property, which is located at 4559 Federal Blvd, was sold by MBLB Real Estate LLC.
Situated on .98 acres of land, the two-story building consists of office and warehouse space including dock-high and grade-level loading doors and a fenced yard area. The property will be used as a San Diego-based service facility in support of the Western Pacific Naval Fleet.
The buyer was represented by Larry Edwards, CCIM, of NAI San Diego. The seller was repped by Mel Coffman and Mark Hughes of KW Commercial.
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