A La Jolla office building that is home to a City National Bank office and the law firm of Blanchard, Krasner and French has been sold for $3.2 million.
The three-story building at 800 Silverado St., is on a 11,326 square-foot lot with a remaining 31-year ground lease.
The seller was Laubro No. 1, LLC of San Diego. The buyer was Tower Investments, LLC of Sacramento.
Paul Lafrenz, senior vice president at Colliers International San Diego Region and Pascal Aubry-Dumand, CCIM of Jones Lang LaSalle represented the seller. The buyer had no outside representation.
“With La Jolla’s low office vacancy rates and some of the highest rents in San Diego County, 800 Silverado provides a strong long-term investment for the new ownership,” Lafrenz said.