The facility, which has undergone more than $500,000 of high quality improvements, will serve as a medical R&D facility, according to Randy LaChance (middle right photo), Senior Vice President in Voit’s San Diego office.
LaChance, along with Jon Danton (middle left photo) of Voit’s San Diego office, represented the seller, Ole and Bente Sorensen, in the transaction. Voit’s Todd Holley (lower right photo) and Ellen Thomas (lower left photo) represented the buyer, Salma Jason Monica Limited Partnership, LP.
“Salma Jason Monica Limited Partnership required a high end R&D facility, so the company had very specific needs and structural expectations that few industrial properties can provide,” said Holley, a Vice President in Voit’s San Diego office. “The Voit team was successful in pairing the buyer with this seller, who had maintained an exceptional property that was the right fit for the buyer’s needs.”
The buyer acquired the building as an owner-user, according to Voit.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs.
Combining nearly 40 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people.
Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume.
Further information is available at http://www.voitco.com/.
Contact:
Judith Brower
Brower, Miller & Cole
(949) 955-7940
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