SAN DIEGO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, is pleased to announce the sale of the Sabre Springs Business Park (top left photo), an 83,755-square foot multi-tenant light industrial/office park located at 13220-13240 Evening Creek Drive in San Diego.
The park sold for $11,900,000, which equates to $142 per square foot.
Sam Hanna, a senior associate in Marcus & Millichap’s San Diego office, represented the seller, GML Sabre Springs. The buyer, HG Fenton Co., represented itself.
“Our team’s targeted marketing efforts generated multiple offers for our client within 30 days of listing the property for sale,” says Hanna.
“The competitive bidding environment created by our strategic marketing and our firm’s unparalleled access to third-tier capital resulted in a timely and profitable sale for our client within 60 days of taking the property to market.”
The Sabre Springs Business Park consists of three freestanding multi-tenant light industrial/office buildings totaling approximately 83,755 square feet and situated on a 6.09-acre lot.
Each building is demised into small suites ranging in size from 835 to 6,024 square feet, giving the owner the flexibility to attract a myriad of different tenants. The buildings feature high-image concrete tilt-up construction; an extensive glass line and an above average office build-out percentage.
The asset is strategically located in Central San Diego and easily accessed by both Interstate 15 and Highway 56.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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