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December 3, 2023
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• Investor Pays over $5 Mil for San Diego Industrial Showroom
A 22.7k sf, industrial showroom building in San Diego’s Miramar area sold for $5.14 mil ($226/sf). The building is located at 8185 Camino Santa Fe, north of Miramar Rd and east of I-805. 8185 Camino Santa Fe is a freestandin...
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• Mission Valley Retail Center Goes for $434/sf
A local, private buyer has purchased Las Cumbres Square, a 12.8k sf retail center in San Diego’s Mission Valley, for $5.55 mil ($434/sf). Located at 6110-6120 Friars Rd, the property was originally built in 1978 and was remod...
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• Renovation Wrapped Up at San Diego Area Office Building
Renovation work has been completed at 1450 Frazee Road, a seven-story, 140.5k sf Class A office building in the Mission Valley area of San Diego. 1450 Frazee can accommodate users ranging from 1.7k sf to over 18.5k sf on the ...
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• Two Commercial Condos in Carlsbad Fetch Nearly $2 Mil
Two commercial condominiums in Carlsbad sold for a total value of $1.944 mil. The two properties are located at 6106 and 6142 Innovation Way, within the Towers at Bressi Ranch at the Bressi Ranch Corporate Center. 6106 Inno...
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• Healthpeak Properties to Start Work on 195k sf Lab / Office Campus in Torrey Pines
Healthpeak Properties has broken ground on The Boardwalk, a 195k sf, Class A lab and office campus in Torrey Pines. Healthpeak, an Irvine-based REIT, owns more than 25 msf of R&D and office buildings throughout the U.S. Loca...
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• Vista Industrial Building Sells for $4.5 Mil in Year-End Buy
A free-standing, 22.4k sf industrial building in Vista traded for $4.5 mil, or $199/sf. The building, located at 1330 Park Center Dr, was acquired by Sunny Harvest LLC. The building was partially occupied by Thirty-Three Thr...
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• San Diego Multifamily Trade Comes in at $295k/Unit
A 47-unit multifamily complex in San Diego’s North Park neighborhood sold for $13.85 mil, or $295k/unit. The 38.6k sf property sits on a 24.4k sf lot at 4602 Kansas St, south of I-8 and just west of I-805. The property consi...
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• Pacific Beach Multifamily Building Sells for $360k/Unit
The Hornblend Apartments, an eight-unit multifamily complex in San Diego, sold for $2.885 mil, or $360.6k per unit. The 5.7k sf property, located on a 6.2k sf lot at 1468 Hornblend St in Pacific Beach, was purchased by GateHo...
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• Commercial Real Estate Financing Briefs
JLL - Olga Walsh and Daniel Pinkus with JLL have arranged $50 mil in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17k sf of retail space in Oceanside. Pierside was co...
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• Mobile Home Community in North San Diego County Trades for $8.6 Mil
Hilltop Mobile Home Park, a 22-space mobile home park property in North San Diego County, sold for $8.6 mil. The property is located on a 1.14-acre parcel at 155 West Jason Street in Encinitas. Ciara Trujillo of Colliers Int...
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• Protea-Primewes Spends $9 Mil on Kearny Mesa Office Building
Protea-Primewes purchased a 43.9k sf office building in Kearny Mesa for $8.95 mil, or $204/sf. It was sold by Massachusetts-based REIT Office Properties Income Trust. Originally constructed in 1986 and renovated in 2001, t...
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• Newly Built San Marcos Retail Center Sells for Nearly $700/sf
In a late-year, SoCal retail buy, Gershman Properties LLC paid $16 mil for San Elijo Hills Town Center, a 23.1k sf ($693/sf) lifestyle center in San Marcos. It was sold by Ambient Communities dba SEH Lifestyle Center LLC. B...
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• Kearny Mesa Office Building Sold to IDS Real Estate in $23.75 Mil Deal
IDS Real Estate Group purchased a 148.5k sf office building in San Diego’s Kearny Mesa area for $23.75 mil ($160/sf). The asset was sold by Massachusetts-based real estate investment trust Office Properties Income Trust. Loc...
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• Oceanside Biz Park Attracts $20 Mil Buyer
Copperwood Center, a 141k sf industrial park in Oceanside, was acquired by Newport Beach-based CB Copperwood LLC for $20.05 mil, or $142/sf. Located at 3365, 3375 and 3385 Mission Ave, and 101, 102, 105, 106 and 110 Copperwoo...
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• Res Asset in San Diego’s UTC Submarket Goes for $375k/Unit
Mark Gosselin, president of Property West Residential Inc, paid $22.5 mil for La Jolla Park West, a 60-unit ($375k/unit) multifamily property located in San Diego. The asset, situated in San Diego’s highly coveted University ...
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• Johnson Storage & Moving Co Collects $8.47 Mil from Dispostion of 60k sf Otay Mesa Building
A 59.8k sf, Class A industrial building in Otay Mesa sold for $8.47 mil ($142/sf). The building is fully occupied by Johnson Otay LLC, dba Johnson Storage & Moving Co, which sold the property to Eastgroup Properties in a sale...
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• Office Building in San Diego’s Bankers Hill Sells for $269/sf
A private local investor purchased Park West Square, a 13k sf office building in San Diego’s Bankers Hill, for $3.5 mil ($269/sf). Located at 2121 5th Ave, the two-story office building was originally built in 1980. Park Wes...
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• Acquisition of Downtown San Diego Development Site Funded with $7 Mil Loan
San Francisco-based India & Beech LLC acquired a 10k sf land parcel in the Little Italy neighborhood of downtown San Diego for development of a high-rise residential/retail tower. The $7.1 mil purchase is being funded by a $7...
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• Buyer spends $3.7 Mil on Retail Building in Oceanside
A 12k sf, multi-tenant retail building in Oceanside has sold for $3.7 mil, or $308/sf. The property is located at 417-431 S. Coast Highway, south of Mission Ave between I-5 and the coast. At the time of sale, the property wa...
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• Mixed-Use Asset in San Diego Purchased for $5.5 Mil by Midwest Investment Properties
A 12.4k sf retail and residential mixed-use property in San Diego’s South Park neighborhood sold for $5.5 mil ($443.50/sf). The 14.4k sf parcel is located at 3006-3020 Beech St, north of Hwy 94 between I-15 and Balboa Park. ...
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