Carmel Mountain Ranch Industrial Building Sells for $9.2 MillionMonday, August 12, 2013
A Carmel Mountain Ranch industrial building has been sold for approximately $9.2 million, for eventual use by Millennium Laboratories.
The 73,756-square-foot research and development building is at 15330 Avenue of Science, according to a statement from brokerage firm Cushman & Wakefield, which represented the seller, Kearny-Trigate Ave of Sci LLC.
The buyer was Pain in San Diego LLC, in care of Millennium Laboratories, which was represented by Jones Lang LaSalle.
Brokers said the buyer intends to occupy the facility, which was built in 1984 on 3.65 acres. The building was recently renovated and includes a 75-seat training center.
—SDBJ Staff Report