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• Carlsbad Creative R&D Campus Trades for $23 Mil
11/18/19
Element, a multi-building 83.2k sf campus in Carlsbad has sold for $23.1 mil, or $278/sf. The property was 100% leased to seven tenants at the time of sale.
Element consists of three buildings located at 2232, 2234 and 2236 ...
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• San Diego Area Res Property Comps at $232k/Unit
11/15/19
Hollister Creek Village Apartments, a 46-unit multifamily property in Nestor, CA, was acquired for $10.7 mil ($232.6k/unit) by Equity Four Properties LLC, a subsidiary of Viewpoint Equities Inc. The buyer assumed an existing ...
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• Investor Exchanges into $9.17 Mil Carlsbad Industrial Property
11/12/19
An unidentified 1031 exchange investor paid $9.17 mil for a 34.3k sf ($267/sf), freestanding flex industrial property in Carlsbad. Located at 2251 Rutherford Rd, the building has recently been renovated and transformed into a...
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• Santee Industrial Property Sells for $133/sf
11/07/19
A two-building, 36.3k sf industrial property in Santee was acquired by San Diego-based Pearl and Herschel LLC in a $4.85 mil ($133/sf) deal. The property sits on a 2.12-acre parcel at 8745-8747 N. Magnolia Ave, in the northwe...
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• SENTRE Buys 60k sf San Diego Area Office Property
11/06/19
SENTRE purchased West Bernardo Corporate Center, a 60.3k sf office building in Rancho Bernardo. Located at 15822 Bernardo Center Dr, the freestanding building was originally built in 1985 and underwent a significant renovatio...
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• ZTELCO Buys 8k sf HQ Facility in Poway
10/31/19
ZTelco, a fast-growing phone and internet service provider, has acquired a freestanding 8.8k sf building in Poway for $2 mil, or $227/sf. ZTelco will use the property, located at 12585 Kirkham Rd, as its new headquarters.
ZT...
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• 15.7-Acre Development Site in Del Mar Heights Purchased for $70 Mil by Gemdale USA Corporation and Lincoln Property Company
10/30/19
Aperture Del Mar, a a 15.72-acre, fully-entitled, infill development opportunity located in the coastal, highly affluent and amenity-oriented Del Mar Heights submarket of San Diego, was acquired by a partnership of Gemdale US...
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• Rexford Industrial Realty Buys One SoCal Property and Sells Another
10/29/19
Rexford Industrial Realty has acquired one SoCal industrial property for $8 mil, while selling another for $11.2 mil. The acquisition was funded using cash on hand.
In the acquisition, the company purchased 8985 Crestmar Poi...
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• GH Palmer Associates Buys San Diego-Area Development Land
10/29/19
A GH Palmer Associates affiliate has acquired four parcels of land totaling 22.69 acres in San Diego’s Mission Gorge area. The property is entitled for the development of 996 new residential units. Entitlements also call for ...
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• Carlsbad Medical Office Building Goes for $758/sf
10/22/19
A freestanding, 6.4k sf medical office building in Carlsbad sold for $4.85 mil, or $758/sf. Located at 2020 Cassia Rd, the building is currently divided into three suites, each with their own exterior entrance. The building i...
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• Commercial Real Estate Financing Briefs
10/21/19
JLL - Aldon Cole and Daniel Pinkus with JLL have arranged $57.5 mil in financing for Latitude 37, a two-phase, 172-unit luxury mid-rise apartment community in South San Jose. Latitude 37 is located on three acres at 1255 and ...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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• SENTRE Spends $19 Mil on San Marcos Retail Asset
10/11/19
San Marcos Village, a 96.6k sf, grocery/discount-anchored neighborhood center in San Marcos, Was acquired by San Diego-based SENTRE Inc in a $19.25 mil ($199/sf) transaction. At the time of sale, the property was 92% leased t...
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• Virtus Real Estate Capital Makes $20 Mil San Diego Area Office Buy
10/11/19
Virtus Real Estate Capital purchased Sunroad Plaza, a 71.9k sf office campus in San Diego’s Rancho Bernardo area, for $19.9 mil, or $277/sf. The two-building complex, located at 11770 Bernardo Plaza Ct, was sold by Sunroad En...
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• Avison Young Acquires San Diego-Based McKinney Advisory Group Inc
10/09/19
Avison Young has acquired San Diego-based brokerage and property management firm McKinney Advisory Group Inc. The purchase represents Avison Young’s first acquisition in San Diego and further expands the company’s full-servic...
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• Creative Office Building in San Diego Fetches $500/sf
10/02/19
System Property purchased a 17.3k sf creative office building in San Diego’s Bankers Hill for $8.68 mil, or about $500/sf. Located at 3043 4th Ave, the single-tenant building is 100% leased to RealPage Inc, a global provider ...
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• OnPoint Development Buys 3.7-Acre Retail Dev Site in Oceanside
10/02/19
OnPoint Development has acquired a 3.728-acre retail land parcel in Oceanside for $4.5 mil ($28/sf). OnPoint plans to develop a multi-tenant retail center including a gas station and car wash on the site, located at 3340 Miss...
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• Upscale Residential Community in Vista has Been Completed
9/30/19
Construction is now complete on Breeze Hill Apartments – a fully amenitized, 88-unit luxury multifamily community in Vista. The rental community, owned and developed by a partnership of San Diego-based Pathfinders Partners an...
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• LPC West Buys Sorrento Mesa Industrial Building for Over $10 Mil
9/27/19
LPC West Inc, the West Coast operating company of Lincoln Property Company, has acquired a 62.4k sf industrial building on three-and-a-half acres of land in San Diego’s Sorrento Mesa area. LPC West purchased the property, loc...
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• Exchange Investor Pays $450/sf for San Diego Area Retail Center
9/25/19
A Los Angeles-based private investor purchased Sabre Springs Plaza, a 15k sf, retail convenience center in San Diego for $6.8 mil ($453/sf) as part of a 1031 exchange. The deal closed at a 5.58% cap rate.
Built in 2004, Sa...
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