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• Escondido Multifamily Traded for $3.4 Mil
2/03/21
A 15-unit multifamily property in the North San Diego County city of Escondido sold for $3.395 mil ($226k/unit). The 9.5k sf building is comprised of all one-bedroom/one-bathroom units.
The completely renovated property is l...
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• Solana Beach Office/Retail Property Sold in Off-Market Deal Worth almost $11 Mil
2/01/21
Cedros Executive Plaza, a 25k sf, multi-tenant office and retail building in Solana Beach, sold for $10.9 mil ($436/sf) in an off-market deal. The property sits on 1.14 acres at 308-312 S Cedros Ave, south of Encinitas in nor...
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• San Diego MOB Deal is Worth Over $17 Mil
1/27/21
A 22.5k sf, four-story medical office building in San Diego sold for $17.15 mil ($762/sf). The property, 4th & Lewis, is located at 330 Lewis St, south of I-8 and just west of the 163 Fwy.
A publicly traded, healthcare real ...
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• Torrey Hills Medical Plaza Trades for $785/sf
1/19/21
Torrey Hills Medical Plaza, a 47.6k sf, Class A medical office building and attached parking garage in San Diego, has sold for $37.35 mil ($785/sf) in a year-end deal. The asset was acquired by a publicly traded real estate i...
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• Phelan Development Buys 25-Acre San Diego Parcel
1/15/21
Phelan Development has paid $11.5 mil for a 25-acre parcel of land in San Diego. The land is expected to receive full entitlements in the first quarter of 2021 with construction slated to commence in the second quarter of 202...
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• Kearny Real Estate Starts Work on 156k sf Industrial Project in Otay Mesa
12/31/20
Kearny Real Estate has commenced construction of a two-building, 156.4k sf industrial complex within the master-planned Otay Crossings Commerce Park in San Diego’s Otay Mesa area. The new build-to-suit buildings being constru...
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• AZ Office Complex Purchased by SoCal Investor in $21.7 Mil Deal
12/30/20
Portico I and II, an 89.2k sf, Class A office complex in Chandler, AZ, was traded in a $21.68 mil ($243/sf) transaction. The two-building, multi-tenant property was acquired by Southern California-based YMC Arizona Properties...
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• Shapery Enterprises Picks Up 208-Unit Res Community in San Diego
12/30/20
Shapery Enterprises, out of San Diego, purchased Mission Trails, a 208-unit apartment community in the San Carlos neighborhood of San Diego. The price was not disclosed.
Located at 6975 Golfcrest Dr, the 175.2k sf property w...
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• San Diego Automotive Property Purchased for $6.5 Mil by Local Owner/User
12/29/20
A 20.1k sf, industrial/automotive building in San Diego was acquired for $6.5 mil ($323/sf) by 5135 Convoy LLC, an investment entity out of San Diego’s Kearny Mesa area. The property, located at 5135-5155 Convoy St, east of I...
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• Westpac Wealth Partners Buys San Diego Office Property for $6.88 Mil
12/18/20
Westpac Wealth Partners has purchased a 32.8k sf office property in Sorrento Mesa for $6.88 mil, or $210/sf. The three-story building was sold by a joint venture between Harbor Associates and RMA.
Located at 5280 Carroll Can...
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• eCommerce Parking Facility in Carlsbad is Sold
12/18/20
A 7.5-acre eCommerce parking facility in Carlsbad was acquired by a publicly traded REIT. The property is fully leased to a global credit tenant. It was sold by San Diego-based Meridian Properties.
The property is part of a ...
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• San Diego Multi-Tenant Industrial Property Gets New Owner in $11.3 Mil Deal
12/17/20
A two-building, 61k sf multi-tenant industrial property in San Diego’s Miramar area sold for $11.3 mil, or $185/sf. The property is located at 8250-8260 Camino Santa Fe, east of I-805 and just north of Miramar Rd.
The proper...
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• Chula Vista Commercial Building Goes for $10 Mil
12/14/20
A private investor paid $10 mil for a 42k sf ($238/sf), multi-tenant building in Chula Vista. Located at 1261 Third Ave, the single-story, specialty use property was originally built in 1975 and was renovated in 2019.
The b...
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• Carlsbad Building Purchased by Owner/User in $4 Mil Deal
12/10/20
Drapeau Family Enterprises LLC paid $4.17 mil for a freestanding, 20.3k sf ($205/sf) industrial building in Carlsbad. Drapeau will use the property, located at 2721 Loker Avenue West, for product development and distribution ...
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• Black Creek Group Buys 600k sf Facility in San Diego
12/08/20
Denver-based Black Creek Group purchased a 601.4k sf, multi-tenant industrial building in San Diego. The fully leased, Class A asset sits on more than 31 acres at 2020 Piper Ranch Rd in the Otay Mesa submarket, offering direc...
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• Apartment Building in Ramona Purchased for Over $8 Mil
12/04/20
A 38-unit complex in the SoCal city of Ramona sold for $8.27 mil, or $217.6k/unit. The 36.2k sf property is situated on a 230k sf lot located at 1551 Montecito Rd, east of I-15 and just north of Main St in northeast San Diego...
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• Rockefeller Group Starts Work on 135k sf Otay Mesa Distribution Facility
12/04/20
Rockefeller Group has begun construction on Airway Industrial Park, a 135.6k sf distribution center situated on a 7.81-acre site in Otay Mesa. Rockefeller Group purchased the site in March 2020 and, once complete, the buildi...
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• Hill Properties Buys 92k sf Industrial Property in San Diego’s Sorrento Valley Area
12/02/20
Hill Properties purchased Environmental Plaza, a seven-building, 91.7k sf industrial campus in San Diego’s Sorrento Valley area. The asset was sold by a private family investment entity in a $15.3 mil ($167/sf) transaction.
...
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• Trammell Crow Residential Breaks Ground on Luxury Res Tower in Downtown San Diego’s Little Italy Neighborhood
11/24/20
The Southern California division of Trammell Crow Residential (TCR) is breaking ground on construction of Simone, a luxury, 36-story high-rise in San Diego’s Little Italy neighborhood. The development will consist of 358 mark...
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• Industrial Building in San Diego’s Miramar Area Goes for $15 Mil
11/24/20
An 82.8k sf industrial property in San Diego’s Miramar area sold for $15 mil ($181/sf). The property, Located at 6955 Consolidated Way, east of I-805 and adjacent to Miramar Rd, was sold by a partnership controlled by RAF Pac...
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