Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

MIRAMAR, CA-After a flurry of activity late last year, the local market picks up steam with the sale of a 6.98-acre parcel. The land, which is zoned for office and warehouse space, goes for $4.9 million.In the deal, SD Trade Co. LLP, a local partnership, acquired the site to expand their San Diego County operations. According to officials, the partnership plans to build administrative offices and a warehouse at the site.Southwest Sales Inc., a real estate holdings and development company, sold the land, which is located at the intersection of I-15 and Miramar Road. Dave Demarest and Dean Asaro of CB Richard Ellis represented the seller and Ben Acree of AWS Commercial Real Estate represented the buyer.The site is already commercially zoned and located in the booming Miramar Industrial Market, San Diego County’s second largest industrial submarket, totaling approximately 14.5 million sf.Last year the area experienced aggressive investment activity for real estate property. In September, Miramar Commerce Center sold to LBA Realty for $17 million. The five-building, 112,483-sf business park is located just one block north of Miramar Road in the Miramar industrial sector.Completed in 1987 and 1997, the park sits on two parcels totaling 10.1 acres. The buildings are single-story, concrete tilt-up facilities. The project was 92.2% leased at the time of sale, counting 28 tenants in space ranging from 907 sf to 19,940 sf.In a separate Miramar deal, LBA picked up the Carroll Tech Center for $28 million. Bedford Property Investors sold the four-building, 132,244-sf park. Major tenants in the properties include Sony, San Diego Cash Register and Quantum Design.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.