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3/19/24
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Dollinger Properties purchased a 90k sf R&D/Lab portfolio in San Diego’s Rancho Bernardo area in a $30.8 mil ($342/sf) transaction. The portfolio consists of two fully leased buildings located at 16981 Via Tazon and 11501 Rancho Bernardo Blvd.
Bob Prendergast, Lynn LaChapelle, Tim Olson and Greg Moore with JLL Capital Markets represented the seller, Montana Avenue Capital Partners LLC, and procured the buyer in the deal.
"The Rancho Bernardo submarket continues to be an attractive investment destination," said Prendergast. "This offering presented the investor the opportunity to secure a property with a committed tenant who has invested significant capital into its lab and office space. The assets are proximate to major highways and are integrated in the greater I-15 Technology Corridor.”
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