Joshua Volen, an associate vice president investments in the SanDiego office of Marcus & Millichap, and Andrew John Slade, aninvestment specialist also in the firm's San Diego office,represented the seller, HPC Properties. Chris Sands, a seniorassociate in the firm's Encino office, represented the buyer.
Located at 4520 Viewridge Ave., the flex building is situated on2.24 acres, and it was built in 2002 to accommodate Bekaert'sheadquarter location for its Specialty Films Manufacturingdivision. Bekaert has six years remaining on a triple-net leasestructure with 3% annual increases. The tenant has one five-yearoption to extend at the end of the base term at fair marketvalue.
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