San Diego-based Sabin Holdings LLC has purchased a Rancho Bernardo office property currently housing Bel Fuse Inc. for $3.5 million, according to brokerage firm Colliers International Group Inc.
New Jersey-based Bel Fuse, which designs and manufactures components used in telecommunications, aerospace and electronics, sold the 13,227-square-foot building at 17180 Bernardo Center Drive. Bel Fuse plans to relocate its San Diego area office to Poway in the first quarter of 2017.
The buyer was represented by Nathan Hibling of Arbor Property Group, and the seller was represented by Colliers’ Marc Posthumus. Brokers said the buyer plans significant interior and exterior upgrades.
The two-story property was built in 1997.