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April 18, 2024
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• EQT Exeter Buys 202k sf Industrial Project in Chula Vista
EQT Exeter purchased Heritage Industrial Center, a three-building, 202.8k sf industrial project in Chula Vista. The project, covering 11.57 acres, was sold by Rockefeller Group. The deal marks the second transaction between ...
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• San Diego Apartment Comp Works Out to $425k/Unit
In an end-of-year multifamily sales comp from a San Diego, a six-unit property in the city’s North Park neighborhood traded for $2.55 mil, or $425k/unit. The 3.5k sf property is situated on a 9.4k sf lot located at 3687-369...
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• Strong Demand for Retail, Restaurant Space in San Diego County Predicted for 2024
Real estate services firm Urban Property Group (UPG) has provided its outlook on interesting trends for the San Diego commercial real estate market in 2023 and has offered insights for what CRE can expect in 2024. In 2023,...
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• Family Health Centers Pays $525/sf for San Diego Building
Family Health Centers paid $11.025 mil for a 21k sf ($525/sf) commercial building in San Diego. The building sits on a site with flexible zoning for various uses. Located at 4650 Mission Bay Dr, on the corner of Garnet Ave a...
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• Vista Office Complex Fetches $29 Mil
A two-building, 102.2k sf office property in Vista was purchased by an out-of-town 1031 exchange investor in a $29.4 mil ($287/sf) transaction. The property is located at 3215 and 3225 Executive Ridge, north of San Marcos Blv...
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• San Diego Gas & Electric Company Leases 3.9-Acre Site in Miramar
San Diego Gas & Electric Company leased a 3.9-acre storage yard in the central San Diego submarket of Miramar. Located at 9225-9285 Dowdy Dr, the property comprises 169.9k sf with a 6.3k sf structure on site. The site featur...
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• ESET and Northwestern Mutual Take Full floors at Downtown San Diego Office Building
ESET and Northwestern Mutual both committed to 10-year leases totaling 45k sf at 655 West Broadway, a 23-story, Class A office high-rise in downtown San Diego. Built in 2005, 655 West Broadway is currently at 92.1% occupanc...
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• SoCal Dutch Bros Building Sells for $2,737/sf
A newly constructed, 950 sf Dutch Bros Coffee retail property in Escondido was acquired by a private investor for $2.6 mil, or $2,737/sf. The structure sits on a 0.63-acre lot at 2365 E Valley Pkwy, east of I-15. Noteworthy ...
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• Escondido Apartment Comp Works Out to $282k/Unit
In a recent multifamily sales comp out of San Diego County, a five-unit multifamily property in Escondido was purchased by a private investor for $1.41 mil ($282k/unit). Built in 1981, the property sits on 0.17 acres at 419 W...
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• Owner/User Spends $4.24 Mil on Industrial Building in Vista
A 15k sf, freestanding industrial building in Vista sold for $4.24 mil, or $283/sf. The structure sits on 2.09 acres at 2440 Grand Ave, south of Hwy 78 just off of Sycamore Ave. The buyer, 2440 Grand LLC, will use the build...
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• Encinitas Office/Retail Building Sells for $1,800/sf
A 1.5k sf, a freestanding mixed-use office/retail building in Encinitas traded in a deal worth $2.725 mil ($1,800/sf). The single-story building sits on 0.13 acres at 264 N Coast Highway 101. Originally developed in 1936 and...
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• Harbor Associates Venture Spends $21 Mil on Carlsbad Industrial Buy
Harbor Associates LLC, in a joint venture with F& F Capital Group, has acquired a 102.4k sf industrial portfolio in Carlsbad for $21.25 mil ($208/sf) in an all-cash, off-market transaction. The acquisition consists of two bu...
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• Encinitas Retail Center Acquired in $26 Mil Transaction
In a recent retail sales comp from San Diego County, Rancho Santa Plaza, a 60.5k sf shopping center in Encinitas, traded for $26 mil, or $430/sf. The property is located at 162 S. Rancho Santa Fe Rd, east of I-5. The center ...
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• Burke Real Estate Group Buys 54k sf Distribution Facility in Kearny Mesa
SoCal-based Burke Real Estate Group acquired a 54k sf industrial distribution facility in San Diego’s Kearny Mesa submarket. The Class A property is located at 7440 Convoy Court, east of I-805 and just south of Hwy 52. The pr...
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• Register Now - San Diego CRE Conference on Nov 7th
RENTV is presenting its San Diego State of the Market Conference on Tuesday, November 7, 2023 at the Westin Carlsbad Resort & Spa. Learn more here
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• National City Church Property Trades in $4 Mil Exchange
A church property in National City was acquired by a growing church congregation in a recent $4 mil transaction. The purchase consists of a 20.2k sf church sanctuary and an adjacent educational building, covering an entire ci...
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• GK Dermatology and Med Spa Buys 10k sf Retail Building in San Diego
GK Dermatology and Med Spa acquired a 10k sf, freestanding retail building in San Diego for $5.25 mil ($525/sf). GK Dermatology and Med Spa will use the building, located at 4606 Mission Bay Dr, for its dermatology and med sp...
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• Second Half of 432k sf San Diego Industrial Portfolio Sale Completed
The disposition of the 432k sf Brown Field Tech Park I and II industrial portfolio in San Diego’s Otay Mesa submarket has wrapped up. The portfolio was sold by Murphy Development Company. The sales price(s) were undisclosed. ...
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• Restaurant Property in San Diego’s Rancho Bernardo Area Sells for $3.9 Mil
An 8.9k sf free-standing restaurant in San Diego’s Rancho Bernardo submarket sold for $3.9 mil, or $438/sf. The buyer intends to use the property to open a new restaurant, Sapphire Indian. Built in 1987, the free-standing bu...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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