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Monday, Dec 4, 2023

Hot Deals

Real Estate Sales

Property: Rio Vista Building, 8885 Rio San Diego Drive, San Diego

Seller: CalMat Co.

Selling Agents: Robert Trinen and Peter Andrich of Cushman Investments represented the seller. The buyer represented itself.

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Buyer: The Shidler Group purchased a 108,080-square-foot office complex and an additional 11,000-square-foot free-standing pad for the construction of a retail facility for $21.61 million.

Property: Spring Hills Apartments, 4341 Spring St., La Mesa

Seller: Manster Real Estate, Inc.

Selling Agents: Philip Buckley of CB Richard Ellis’ San Diego Central office represented the seller. The buyer is represented by Stacey Sokle of Universe Holdings Development Co.

Buyer: Universe Holdings Development Co. purchased a 94-unit apartment complex on 2.86 acres of land for $6.96 million.

Property: Scripps Terrace Business Park, 10625-10635 Scripps Ranch Blvd., San Diego

Seller: Glenborough Properties

Selling agents: Randall LaChance and Chris Loughridge of Voit Commercial Brokerage’s San Diego office represented the seller. Theresa Spencer of Industrial Brokers represented the buyer.

Buyer: Theresa Spencer and Thomas Kaiser purchased a 56,798-square-foot project for $4.3 million.

Property: 2654-47 Main St. and 2645-49 Boston Ave., San Diego

Seller: PARD/Belle Air Enterprises

Selling Agents: Tim Mills of Burnham Real Estate Services * ONCOR International represented the buyer and the seller.

Buyer: 4003 Park Centre Partners, LLC purchased two industrial buildings for $950,000.

Real Estate Leases

Property: 5759 Fleet St., Carlsbad

Lessor: Natural Alternatives International, Inc.

Leasing Agents: Rick Reeder and Dennis Visser of Business Real Estate Brokerage Co./NAI represented the lessor. B. Flack and B. Norman of the Staubach Co. represented the lessee.

Lessee: iXL Corp. signed a $6,600,000 lease for 58,000 square feet of office and manufacturing space.

Property: 2176 Chablis Court, Suite 100, Escondido

Lessor: Andreasen Business Center, LLC

Leasing Agents: Mike Erwin and Barry Hendler of BRE Commercial/NAI represented both parties in the transaction.

Lessee: Walco Supply Co., Inc. signed an 85-month, $757,203 lease for 10,139 square feet of office and warehouse space.


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