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12/19/22
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San Diego County Bar Association paid $6.83 mil for a 9k sf ($759/sf), single-story office building in downtown San Diego. The structure, located at 330 A St, provides the buyer with a first-class, highly visible headquarters in the heart of the city.
The single-tenant building was initially constructed in 1962 and completely renovated in 2011 into its current creative office design, adding a rooftop terrace. The building is situated on a 10k sf parcel on the northwest corner of 4th Ave and A St.
The property is located in the downtown financial district, minutes from Interstate 5 and State Route 163. Centrally located, the building is within walking distance from the Gaslamp Quarter and the East Villages and their restaurants and shopping.
Jeff Oesterblad and Marc Frederick of CBRE's San Diego office represented the seller, 330 A Street LLC, in the transaction. Tom Nicholas and Jack Blumenfeld of Colliers repped the buyer.
CBRE's third-quarter research notes that office investment in San Diego has already outpaced 2021's total. New construction continues to flourish downtown, with 270k sf under construction, as companies still are determining how much space is needed for a more hybrid workforce.
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