Pacific Coast Commercial is pleased to announce the sale of Rio Sur office buildings. The approximately 28,564 SF buildings sold on November 1, 2021, for $5,750,000.
The property consisted of two office buildings located on an approximately 2.17 acre lot and was 95% leased at the time of sale. The seller will be participating in a 1031 exchange and purchasing an up-leg property outside of California. The Buyer intends to hold the property as an investment.
“Now that the economy and investment lending programs are opening up, we’re seeing a marked increase in investment properties trading both on and off market. The increase being driven in part by investor concerns over potential 1031 tax law changes and by the movement of investment capital out of state. This sale reflects those driving forces,” stated Shirley Kanamu, Senior Broker at Pacific Coast Commercial.
PROPERTY ADDRESS:
Address: 2831 Camino Del Rio South, San Diego, CA 92108
APN: 438-210-27-00
SALE DETAILS:
Property Type: Office Building
Square Footage: 28,564 SF
Sale Price: $5,750,000
Close of Escrow Date: November 1, 2021
Seller Name: Medical Real Estate Partners 6 LLC
Buyer Name: Camino Del Rio South LLC
Escrow Company: Corinthian Title and Escrow, Sam Lopez – Escrow Officer
Title Company: Corinthian Title, Carmen Vinti – Title Officer
Financing: Slatt Capital, Cody Charfauros - Principal
Contact Agents for More Details (619) 469-3600
Sellers Representation at Pacific Coast Commercial:
Shirley Kanamu
Senior Broker Associate
D: (619) 787-6374
Shirley@PacificCoastCommercial.com
Lic. 01268281
Kurt Kerner
Sales & Leasing Associate
D: (858) 964-8019
Kurt@PacificCoastCommercial.com
Lic. 02099773
Buyers Representation at Pacific Coast Commercial:
Tommas Golia
Associate Vice President
D: 858 598 2891
Lic.# 01890744
Jason Vieira
Senior Advisor - Sales & Leasing
D: 858 300 0375
Lic.# 01896589
Colton Speas
Sales & Leasing Associate
D: 858 598 2873
Lic.# 02062812
All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San Diego, San Diego Commercial Real EstateReal Estate Agent Contact UsBrokerage, Property Management
コメント