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8/15/24
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A two-building, 60.9k sf industrial property in San Diego sold for $17.15 mil ($282/sf). The multi-tenant asset covers 3.66 acres at 8250-8260 Camino Santa Fe in the city’s western Miramar Area.
Built in the late 1980s, the party has recently undergone extensive capital improvements, including new exterior paint, suite and directional signage, monument signage, parking lot resurfacing and new landscaping. It is 96%occupied by eight tenants.
Chirs Nelson with Matthews Real Estate and Brian Reyes of Tangram Commercial represented the buyer, CSF LLC, in the transaction. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE's Investment Properties represented the sellers, Hill Properties and Westport Capital Partners.
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