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| City Center Office Project, San Diego, CA |
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| Kipp Gstettenbauer |
San Diego, CA – Kipp Gstettenbauer and Ryan
King of Voit
Real Estate Services Private Client Group have successfully
directed the sale of a City Center office property in San Diego,
California for $14.5 million in less than one week.
The property, at 4275 and 4283 El Cajon Boulevard, includes two of
the largest office buildings on El Cajon Boulevard and a four-story, 149 stall
parking structure.
Gstettenbauer and
King, Senior Partners of Voit’s San Diego office represented the seller, San
Diego State University Research Foundation (SDSURF), in the transaction.
The property was
sold to Casey
Brown Companies, one of the most active buyers in San Diego.
Voit Real Estate Services also represented the buyer in the deal.
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| Ryan King |
"When the foundation wanted to sell this asset, we knew we would be able to achieve the highest and best pricing for them,” says Gstettenbauer.
“Ultimately, we
were able to structure a deal that benefitted the seller and the buyer in both
the short and the long-term with rapid speed and ease of execution.
"Working
with both principals from SDSURF and the Casey Brown Companies, made for a
perfect match in putting this transaction together.
"We could not have been more pleased with how both parties handled themselves in such unconventional times.”
"We could not have been more pleased with how both parties handled themselves in such unconventional times.”
CONTACT:
Lexi Astfalk
Brower
Group
(949) 438-6262
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