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San Diego
Thursday, Oct 6, 2022
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Progress Report



SALES

Property: 22690 Cactus Ave., 14300-40 Elsworth St. and 22620-40 Goldencrest Drive, Riverside.

Seller: NNN Tech Fund III, LLC.

Selling agents: Andrew Meyers, of Grubb & Ellis/BRE Commercial represented the buyer and seller.

Buyer/square footage: Basslamp Ventures purchased a 60,589-square-foot office building and five multi-tenant industrial buildings totaling 139,015 square feet for $17.3 million.

Property: 135 Saxony Road, Encinitas.

Seller: Lester & Beverly Young Family Trust.

Selling agents: Chuck Klein and Kevin Held of Grubb & Ellis/BRE Commercial represented the buyer and George Smith Partners represented the seller.

Buyer/square footage: Sillen Holdings, LLC purchased a 10,040-square-foot office building for $4.2 million.

Property: 1451 Montiel Road, Escondido.

Seller: Vanguard Avenue Baptist Church.

Selling agents: Barry Hendler, Mike Erwin and Don Grant of Grubb & Ellis/BRE Commercial represented the buyer and seller.

Buyer/square footage: Lincoln Avenue Baptist Church purchased a 32,098-square-foot church for $3.98 million.


LEASES

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Property: 5820 Nancy Ridge Drive, Suite 200, San Diego.

Lessor: Alexandria Real Estate Equities.

Leasing agents: Brent Jacobs, Greg Bisconti and Brian Cooper of Burnham Real Estate Oncor International represented the lessee and Neil Fox and Warner Bonner of Phase 3 Properties represented the lessor.

Lessee/square footage: Cylene Therapeutics signed a four-year, $1.49 million lease for 14,781 square feet of laboratory space.

Property: 1548 Jayken Way, Suite B, Chula Vista.

Lessor: Westcore Properties, LLC.

Leasing agents: Both sides represented themselves.

Lessee/square footage: SoCal Ironworks renewed a two-year, $34,751 lease for 1,950 square feet of industrial space.

Property: 2951 Beyer Blvd., San Diego.

Lessor: Sunburst Capital.

Leasing agents: Craig Duhs and Scott Duhs of Retail Properties Group, Inc. represented the lessor and Kathy Farr of CW Clarke represented the lessee.

Lessee/square footage: Gabriel and George Quinones signed a three-year, $44,385 lease for 855 square feet of retail space.

Property: 8333 Clairemont Mesa, San Diego.

Lessor: San Diego State University Foundation.

Leasing agents: Craig Duhs and Scott Duhs of Retail Properties Group, Inc. represented the lessor and lessee.

Lessee/square footage: Toni Gehi signed a three-year, $41,840 lease for 848 square feet of office space.

Property: 985 Broadway, Chula Vista.

Lessor: Cape Cod Center, LLC.

Leasing agents: Jerry Levy of Retail Properties Group, Inc. represented the lessee and Craig Duhs and Scott Duhs of Retail Properties Group, Inc. represented the lessor.

Lessee/square footage: David Osuna signed a three-year, $39,314 lease for 812 square feet of office space.

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