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November 29, 2023
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• Kearny Mesa Office Building Fetches Over $400/sf
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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