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9/18/19
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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 functional industrial building equipped with multiple dock and grade door positions, ESFR sprinkler capacity and 24’ clear height, among other features.
Evan McDonald, SIOR, of Colliers International represented the buyer, Alfa Partners LLC. The seller, 12375 World Trade Drive L.P., was repped by Ryan Sparks, SIOR, and Bill Dolan of CBRE.
“The building was purchased by an investor who plans on leasing the facility to a prospective tenant,” said McDonald. “As with this sale, occupier activity in San Diego continues to be robust, particularly in the central, in-fill industrial markets like Rancho Bernardo, Kearny Mesa and Miramar.”
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