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1/21/25
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Coastal Holdings Group recently closed on the $4.1 mil purchase of an 11.1k sf ($369/sf) industrial building in Poway. The property, located at 13851 Danielson, was sold by Bergo Enterprises. Coastal Holdings Group will be using the property to accommodate their expanding electrical contracting business.
A week earlier, Coastal Holdings Group sold an 8.1k sf industrial building in Poway to Escobar Family Real Estate Holdings for $3.4 mil ($420/sf). That property is located at 12155 Paine Place, also in Poway. The buyer will use this property as investment property.
Chris Duncan, SIOR, with Voit Real Estate Services represented Coastal Holdings in these 1031 exchange deals. Robb Kerr of Intersection Commercial Real Estate repped Bergo Enterprises, while Travis Jaedtke of Strategic Real Estate Group represented Escobar Family. According to Duncan, these two sales transactions represented the only two industrial properties sold in Poway in the fourth quarter of 2024.
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