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December 3, 2023
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• Murphy Development Completes Completes Work on Spec Industrial Facility in Otay Mesa
Murphy Development Company (MDC) has completed construction on the final building at The Campus at San Diego Business Park, a 137k sf spec industrial building on seven acres just north of the U.S. / Mexico border. The additio...
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• San Diego Res Portfolio Refinanced with $58.5 Mil Loan
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego. The properties in the portfolio are located in and ...
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• Alphatec Spine Inc Leases 121k sf Carlsbad Facility
Alphatec Spine Inc (ATEC) leased the entire 121.5k sf building located at 1950 Camino Vida Roble in the heart of the Carlsbad technology corridor. The two-story structure will house state-of-the-art research and development, ...
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• Universe Holdings Adds 110-Unit La Mesa Res Asset to Its Growing Portfolio in the Area
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the San Diego submarket of La Mesa, for $34.45 mil, or $313.2k/unit. Built in 1971, Serena Vista is located at 5810 Amaya Dr, north of I-8 and eas...
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• Owner/User Pays $256/sf for National City Property
A 6.2k sf retail and warehouse building located in San Diego County’s National City sold for $1.585 mil, or $256 per square foot. The 1986-construction property is located on a 13.5k sf parcel at 712 E 18th St. It features 15...
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• Otay Mesa Res Dev Site Sells for $14.4 Mil
ColRich has purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4 mil. The property was sold by Airway Gardens Corporation, an entity managed by San Diego-based real estate development fir...
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• Private Investor Picks Up 30k sf Medical Office Building in San Diego’s Miramar Area
A high-net-worth, private buyer purchased a 30.6k sf, medical office building in San Diego’s Miramar area for $5.3 mil ($173/sf). It was sold by San Diego-based investment group Equinvests Capital. Located at 9606 and 9636 T...
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• Historic Building in San Diego’s Gaslamp District Acquired to be Converted into Residential over Commercial Space
A three-story, 7.5k sf commercial building in Downtown San Diego’s Gaslamp District sold for $1.85 mil, or $247/sf. The buyer, Evan Rundle, plans to convert the building for residential use with ground floor commercial. The...
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• Escondido Industrial Buildings Sell for Over $200/sf
Two freestanding industrial buildings totaling15.5k sf of space in North San Diego County sold for a combined price of $3.25 mil. The properties are located at 2222 Meyers Ave and 670 Opper St in Escondido. Horizon Lighting...
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• El Cajon Skilled Nursing Complex Goes for $3.75 Mil
An 11k sf, two-building skilled nursing complex in El Cajon sold for $3.75 mil ($341/sf). Together, the buildings contain 47 beds and are located on a more than three-acre parcel in East San Diego County. The property is loc...
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• San Diego Caliber Collision Property Trades at a 5% Cap Rate
A single-tenant, two-building property in San Diego occupied by Caliber Collision sold for $3.625 mil. The 14.2k sf property covers just under one acre at 7025 Manya Circle and 170 Hollister St, east of I-5 and just south of ...
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• Corner Site in San Diego’s Little Italy Sells for Over $5 Mil
Icon Properties paid $5.15 mil for a 10k sf parcel in San Diego’s Little Italy neighborhood. The site is a prime corner location at 2102 India St. Icon plans to develop an upscale apartment community on the site. Donald Hil...
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• Harbor Associates Pays $34 Mil for Carlsbad Office Park
Long Beach-based Harbor Associates has acquired Cornerstone Corporate Center, a 177.9k sf, Class A office park in Carlsbad, for $34.2 mil ($192/sf). The multi-tenant, multi-building asset was sold by Salt Lake City-based Wasa...
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• El Cajon Office Building Sells for $345/sf
Grossmont Summit, a 16.1k sf, medical office building in El Cajon, was acquired by a local medical group for $5.55 mil ($345/sf). The seller was a private investor. Located at 1380 El Cajon Blvd, Grossmont Summit is a two-st...
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• Westcore Properties Raises $150 Mil Equity Facility
San Diego-based Westcore Properties has raised $150 mil in equity money through an institutional investor. Westcore, an industrial real estate firm, will use the facility along with third party debt to increase their buying c...
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• Tech Industry Plays Major Role in San Diego’s Office Market
The San Diego office of Cushman & Wakefield has just published a new report entitled Tech Industry’s Impact on San Diego’s Office Market, as of February 2020. This local report provides considerable analysis into many aspects...
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• Stos Partners and Long Wharf Capital Make $11 Mil Industrial Buy in San Diego
A joint venture between Stos Partners and Boston-based private equity firm Long Wharf Capital has acquired a 55k sf industrial asset in San Diego’s Miramar submarket in an $11 mil ($200/sf) off-market transaction. The propert...
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• Escondido Retail Asst Trades for $344/sf
A 7.5k sf, AutoZone-anchored retail building in Escondido sold for $2.58 mil ($344/sf). Built in 1986, the property is located at 440 West Felicita Ave, east of I-15 at Centre City Pkwy. The retail center was 100% leased to ...
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• San Diego Area Office Building Bought for Over $4 Mil
A free-standing, 19.6k sf office building in San Diego’s Rancho Bernardo area sold for $4.25 mil ($217/sf). The two-story building, located at 17085 Camino San Bernardo, near abundant retail amenities, residential homes and s...
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• Commercial Property in San Diego’s East Village Trades for $370/sf
JCKL Partners LLC has purchased The Pac Lofts Building, a 20k sf commercial building in San Diego’s popular East Village area for $7.4 mil ($370/sf). The property is located at 701 Island Ave, at the corner of Seventh Ave and...
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