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San Diego
Monday, Feb 6, 2023
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Progress Report



SALES

Property: 10054 Old Grove Road, San Diego.

Seller: iStar Financial.

Selling agents: Scott Henderson of Grubb & Ellis represented the buyer and Brent Wright and Doug Lozier of CB Richard Ellis represented the seller.

Buyer/square footage: Albor Properties purchased a 90,500-square-foot industrial building for $9.4 million.

Property: 615 Vine St., Oceanside.

Seller: 615 Vine LLC.

Selling agents: Oceanside at Vine LLC represented the buyer and Mack Langston and Cathryn Low of Burnham Real Estate represented the seller.

Buyer/square footage: Oceanside at Vine LLC purchased a 34-unit apartment complex for $5.2 million.

Property: 3903 Waring Road, Oceanside.

Seller: Tri-City Ambulatory Surgical Center Investors, Ltd.

Selling agents: Doug Ceresia of San Diego Commercial NAI represented the buyer and Tom Olson of Coldwell Banker represented the seller.

Buyer/square footage: Pacific Property Group, LLC purchased a 10,866-square-foot surgery center for $3.9 million.

Property: 7594 Park Ridge Blvd., San Diego.

Seller: 7594 Park Ridge, LLC.

Selling agents: Joseph Siemienowski and John Stalford of Siemienowski & Stalford represented the buyer and seller.

Buyer/square footage: Park Ridge Investments, Inc. purchased a 16-unit apartment complex for $3.6 million.

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Property: 2280 Faraday Ave., Carlsbad.

Seller: Isis Pharmaceuticals.

Selling agents: Kent Moore of Grubb & Ellis represented the buyer and Lannie Allee, Roger Carlson, Nick Psyllos and Doug Lozier of CB Richard Ellis represented the seller.

Buyer/square footage: Electro Surface Technology, Inc. purchased a 25,603-square-foot building for $3.2 million.


LEASES

Property: 2510 Commerce Way, Vista.

Lessor: Wilco Investments LLC.

Leasing agents: Dennis Gault, Rusty Williams and Isaac Little of Lee & Associates represented the lessor and NAI San Diego represented the lessee.

Lessee/square footage: Electronic Output Solutions Inc. signed a three-year, $570,000 lease for 26,960 square feet of commercial space.

Property: 11975 El Camino Real, No. 300, San Diego.

Lessor: Arden Realty.

Leasing agents: Arden Realty represented the lessor and Robyn O’Day of Burnham Real Estate represented the lessee.

Lessee/square footage: Sky MobileMedia signed a five-year, $3.3 million lease for 18,810 square feet of office space.

Property: 5510 Morehouse Drive, San Diego.

Lessor: Shidler Group.

Leasing agents: Eric Northbrook, Michael Macie and Mike Hoeck of Cushman & Wakefield represented the lessor and Ron Magnaghi of Cushman & Wakefield represented the lessee.

Lessee/square footage: Homes.com, Inc. signed a five-year, $1.2 million lease for 11,921 square feet of office space.

Property: 9339 Genesee Ave., San Diego.

Lessor: Arden Realty.

Leasing agents: Eric Northbrook and Mike Hoeck of Cushman & Wakefield represented the lessor and Zach Millrood and Jim Hughes of Equis Corp. represented the lessee.

Lessee/square footage: Clinimetrics Research Associates, Inc. signed a five-year, $1.1 million lease for 7,232 square feet of office space.

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