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• Kearny Mesa Office Building Fetches Over $400/sf
12/06/22
An 18.4k sf office building in San Diego’s Kearny Mesa area was purchased by a private investor in a recent $7.5 mil ($412/sf) deal. The property is located at 5657 Copley Dr, east of I-805 and south of the 52 Fwy.
The two-s...
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• North San Diego County Office Portfolio Gets New Owner in $14 Mil Deal
12/05/22
A 70.3k sf, multi-tenant Class A office portfolio in the San Diego County cities of Vista and Carlsbad were acquired by Wimatex Inc in a $13.94 mil deal. Located at 1800 Thibodo Rd and 1959 Palomar Oaks Way, the two-building ...
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• Carlsbad Retail Asset Sells for $976/sf
12/05/22
A San Diego-based private investor purchased the 4.6k sf, 100% occupied multi-tenant retail center located in the heart of the Carlsbad Village area, for $4.475 mil ($976/sf). The property is located at 711 Grand Ave, less th...
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• Work Started on 2.25 msf Logistics Campus in Calimesa
11/30/22
Construction is underway on Birtcher Oak Valley Commerce Center, a four-building, 2.25 msf Class A logistics project being built by Birtcher Development in Calimesa, CA. The state-of-the-art distribution campus is designed to...
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• Crown Point Systems Spends $7.4 Mil on San Diego Medical Office Property
11/23/22
Crown Point Systems Inc has acquired Loma Starr, a two-building office/medical project totaling 28.6k sf in San Diego, for $7.4 mil ($259/sf). The two-story buildings are located at 3051-3055 Rosecrans St and 3065 Rosecrans P...
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• Universe Holdings Refis 56-Unit Res Property in La Mesa
11/18/22
Universe Holdings has secured a $10.75 mil refi loan on Chateau Spring Terrace, a 56-unit multi-housing community located in La Mesa. The ten-year, fixed rate loan was arranged by Charles Halladay, Jonah Aelyon, Jolie Zhou an...
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• Corp HQ Facility on Poway Goes for Near $14 Mil
11/17/22
An unnamed investor paid $13.9 mil for a 37.5k sf, ($371/sf) corporate headquarters and manufacturing facility in the central San Diego County city of Poway. The property is located at 13955 Stowe Dr, east of I-15 and just no...
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• Spate of Recent Leases Brings San Diego Office Building to 60% Leased
11/16/22
There have been nine new leases totaling 26k sf of space over the last 18 months at 4250 Pacific Hwy in San Diego. The transactions bring the building to 60% leased and have a combined value of roughly $4 mil.
The two-story,...
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• New Medical Office Building in Encinitas Nearing Completion
11/15/22
Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
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• Class A, 222k sf Office Portfolio in Carlsbad Gets New Owner
11/15/22
M.C. Strauss, out of Solana Beach, acquired a 222k sf, multi-building Class A office portfolio in Carlsbad. The purchase consists of Carlsbad Executive Plaza and The Plaza with a combined six buildings.
Carlsbad Executive Pl...
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• LBA Logistics Buys San Diego Distribution Facility for $46.3 Mil
11/14/22
LBA Logistics purchased a 131.3k sf infill distribution facility in coastal San Diego for $46.3 mil ($353/sf) in a sale/leaseback deal. Located at 5959 Santa Fe St, the property is in the city’s Pacific Beach area.
Built in ...
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• Local Investor Buys 95k sf Office Building in San Diego’s Mission Valley
11/14/22
A 94.6k sf, newly renovated office building in San Diego's Mission Valley area was acquired by Bitwise at State Center, an out-of-town 1031 exchange buyer. The property is located at 3838 Camino Del Rio North, in the northwe...
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• Murphy Development Company Begins Work on 200k sf of Space at Brown Field Technology Park in Otay Mesa
11/11/22
Murphy Development Company (MDC) has started construction on Phase II at Brown Field Technology Park (BFTP), a 52-acre corporate industrial park that flanks SR-905 at the Britannia Boulevard on/off ramp in the Otay Mesa area ...
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• PCI Pharma Services Leases New 105k sf Building in Otay Mesa
11/08/22
PCI Pharma Services agreed to a lease for a new, 105.5k sf building at Brown Field Tech Park I in San Diego’s Otay Mesa submarket. PCI, a leading provider of integrated pharmaceutical development services to the global health...
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• El Cajon Industrial Building Goes for $6 Mil
11/08/22
A 23.2k sf industrial building in El Cajon traded for $6 mil in a recent off-market sale. The building is located at 635-675 Front St, between I-8 and El Cajon Blvd at Washington Ave.
The multi-tenant building is 100% NNN-le...
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• Creative Office/Flex Building in San Diego’s Rancho Bernardo Area Goes for $27.4 Mil
11/04/22
Mosaic, a 64k sf, creative office/flex asset in Rancho Bernardo, has traded to a new owner in a $27.44 mil transaction. Built in 1985 and recently renovated, Mosaic was sold by SENTRE.
Mosaic is a best-in-class asset located...
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• Oxford Properties Group Closes Acquisition of 250k sf Carlsbad Campus in $258 Mil Sale/Leaseback
11/03/22
Oxford Properties Group has purchased Ionis Pharmaceuticals’ Campus, a 250k sf, state-of-the-art life sciences and corporate headquarter campus in Carlsbad, in a $258.4 mil sale/leaseback deal. The self-contained and fully am...
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• Kearny Mesa Industrial Asset Trades Hands
11/02/22
Kearny Mesa Logistics Center, a newly-constructed, 299.4k sf distribution facility in San Diego, traded hands in a recent deal. The property was sold by Lincoln Property Company and a real estate fund advised by Crow Holdings...
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• Here’s a 3rd Quarter 2022 Look at San Diego’s Retail Market
10/28/22
This report was provided by real estate services firm Cushman & Wakefield
Economic Overview
The total nonfarm employment in San Diego grew by 59,600 or +4.1% year-over-year (YOY) between August 2021 through August 2022, wi...
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• ShipLab Inks Sublease for 86k sf in Vista
10/25/22
ShipLab has signed a sublease for a freestanding 86.5k sf industrial building in Vista. ShipLab will use the space, located at 3055 Enterprise Ct, for expansion of its ecommerce fulfillment business.
Built in 1998, 3055 En...
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