IDS Real Estate Group has acquired a buys a 148,000-square-foot office asset from Office Properties Income Trust for $23.8 million. The 148,000-square-foot property is located in the Kearny Mesa area of San Diego.

Located at 4181 Ruffin Rd, the 148,488 square-foot building was originally built in 1981 and renovated in 2013. The property was 83 percent leased at the time of sale to four tenants, including U.S. General Services Administration (GSA), a travel insurer and a technology company. The property has had a long history dating back to the 1990s with GSA tenancy, and the GSA was nearly half the occupancy at the time of sale.

CBRE's Louay Alsadek, Hunter Rowe and Brad Black represented the seller.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.