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Sprawling Ruffin Road Warehouse Brings $77 Million

Cushman & Wakefield announced on Aug. 8 that First Industrial Realty Trust has purchased a 424,800-square-foot warehouse and distribution facility located at 4000 Ruffin Road in Kearny Mesa for $77 million.

The fully leased building sits on 19 acres of land and is home to several tenants, including Sharp HealthCare, Cal-State Auto Parts and Alexander’s Mobility Services. The facility, built in two phases from 1979 to 1980, is the largest of its kind in Kearny Mesa.

Rick Putnam and Jeffrey Cole of Cushman & Wakefield’s Southern California Capital Markets Group represented the seller, a fund advised by DRA Advisors LLC. Landmark Asset Management Group served as DRA’s operating partner and property manager. Mickey Morera and James Duncan of Burnham Real Estate served as the facility’s marketing team.

New York-based DRA Advisors LLC specializes in real estate investment and manages more than $8 billion in assets worldwide. First Industrial Realty Trust is a Chicago-based industrial real estate management firm.

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