A Miramar industrial building has been sold for $15 million.
The 82,781 square-foot building at 6955 Consolidated Way was sold by a partnership controlled by RAF Pacifica Group of Encinitas to an undisclosed buyer.
Bill Dolan and Ryan Sparks of CBRE represented the seller.
The buyer was represented by Greg Pierat of Lee & Associates.
The building has heavy power, 22-foot clear height, and dock-high loading.
San Diego Gas & Electric has occupied the building for several decades but is vacating at the end of November.
CBRE will handle leasing for the new owner.
“This transaction illustrates the strength of the San Diego industrial market,” Dolan said. “Despite the pandemic, investor demand is incredibly strong for well-located industrial assets, as demonstrated by investors’ willingness to take on the lease-up risk of acquiring a vacant property.”