According to Matt Kelly, vice president with Burnham RealEstate/ONCOR International in San Diego, Metro Office LLC liked the87%-occupied class B office park at 10000 N. 31st Ave. nearInterstate 17 for the upside potential and leasing scenario. "Thereare a few expirations coming up and they're able to renew thosetenants," says Kelly, who represented the buyer.

Also, the new owners expect to benefit from a growing demand foroffice space north of the Downtown since its goal targetsprofessional service and small businesses as prospective tenantsfor the remaining space. Currently, the roster includes Collis& Associates, which provides public policy services to publicand private sector clients; Guardsmark Inc., a security firm; anddental practice and psychiatric counseling group. Lease rates arequoted at $17 per sf, gross.

Kelly tells GlobeSt.com that the partnership will do minimalrepairs on the infill asset and hold it for the long term. "They'lldo a little TLC on it, but it's in good shape otherwise," he says,adding that the buyer will manage the property.