SAN DIEGO- Realty investor KBS Realty Advisors has acquired Torrey Reserve West office park situated in Del Mar Heights in San Diego County for $27.3 million from a unit of RREEF Funds LLC.
The office complex, which measures 118,030 square feet, is located 20 miles north of downtown San Diego. In order to acquire the property, KBS paid about $10.3 million in cash and the remaining $17 million through loan. The building complex is nearly 90% leased. For the full story, go to Orange County Business Journal.
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