SAN DIEGO, CA – Voit Real Estate Services’ San Diego office has completed the $2.375 million sale of a 12,292 square-foot office property located at 11610 Iberia Place (top left photo) in San Diego, Calif.
This Class B, two-story office building was built in 1980 and has undergone extensive renovation, according to Brian Mulvaney (middle right photo), SIOR, CCIM in Voit’s San Diego Office.
Mulvaney worked with Bruce Sanders (lower left photo) and Matthew Bean (lower right photo), also of Voit’s San Diego office, to represent the seller, Parkside Plaza, LLC.
“The Voit team, with the assistance of cooperating brokers, was strategic in locating an owner-user buyer that would benefit from this partially occupied, yet well parked quality building,” said Mulvaney.
“The buyer plans to operate its business in a portion of the facility, while retaining the tenants who are currently leasing the remaining space.
“Our team successfully demonstrated the property’s benefits from both an operational and investment perspective, and ultimately secured an excellent sale price for our client in the current market.”
The buyer, Boatracs Inc., a company that specializes in wireless maritime information solutions, acquired the property as an owner-user and also achieved a good value for a high quality property, according to Voit.
Boatracs Inc., was represented by Doug Ceresia and Matt Midura of NAI San Diego.
The property is located off the I-15 across from Webb Park in the heart of Rancho Bernardo.
Contact:
Judith Brower
Brower, Miller & Cole
(949) 955-7940
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