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.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
