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Tuesday, Jul 23, 2024
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Real Estate — San Diego REAL ESTATE

Real Estate Sales

Property: 5781 Van Allen Way, Carlsbad

Seller: Carlsbad Business Park LLC c/o Koll Development

Selling agents: Nick Psyllos of CB Richard Ellis represented both parties.

Buyer: RREEF purchased the 320,325-square-foot building for $16.3 million.

Property: 4066 Albatross St.

Seller: Southern California Association of Seventh Day Adventists

Selling agents: John Garner of Marcus & Millichap represented both parties.

Buyer: Pacifica Enterprises LLC purchased 27 residential units for $2.29 million.

Property: 6125 Cornerstone Court E.

Seller: Gary Manchester Trust

Selling agents: Barry Mahlberg and Mark Wayne of Burnham Real Estate Services represented the seller. The buyer was represented by Keith Brandon of IPC Commercial.

Buyer: Sorrento Square LLC purchased 15,695 square feet of office space for $2.34 million.

Real Estate Leases

Property: Plaza 2020, 2020 Camino del Rio N.

Lessor: 2020 Camino del Rio North, LLC

Leasing agents: Robert Vicino of Neece Commercial represented the lessor. Randell Wood of The Sande Co. represented the lessee.

Lessee/square footage: New England Financial signed a five-year, $1.1 million lease for 10,300 square feet of office space.

Property: 9055 Balboa Ave.

Lessor: Continental Graphics

Leasing agents: Patrick Rohan of Burnham Real Estate Services and Josef Farrar of Julien J. Strudley represented the lessor. Paul LaFranz of CB Richard Ellis represented the lessee.

Lessee/square footage: The Sutherland Group signed a 44-month, $650,000 sublease for 25,210 square feet of office space.

Property: 7347 Clairemont Mesa Blvd.

Lessor: Spa Holdings, LLC

Leasing agents: John Jennings of Burnham Real Estate Services represented the lessor. Irv Bressel and Irving Rubin of Beitler Commercial Realty Services represented the lessee.

Lessee/square footage: The Leather Factory signed a five-year, $520,736 lease for 7,032 square feet of showroom space.

Property: 11988 El Camino Real, No. 360

Lessor: Prentiss Properties

Leasing agents: Rick Reeder and Joe Anderson and Dave Odmark of BRE Commercial/NAI represented the lessor. Dick Balestri of CB Commercial represented the lessee.

Lessee/square footage: GMAC Commercial Mortgage signed a 48-month, $383,740 lease for 2,831 square feet of office space.

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