San Diego, CA (June 11, 2012) – Voit Real Estate Services’ San Diego office has successfully directed the $5.6 million sale of a 31,421 square-foot office building located at 9980 Carroll Canyon Road (top left photo) in San Diego, Calif., on behalf of the seller.
The buyer, San Diego-based National University, the second-largest private, nonprofit institution of higher education in California and the twelfth-largest in the United States, plans to use this two-story building for administrative and educational purposes, according to Brian Mulvaney (middle right photo), CCIM, SIOR, a Senior Vice President in Voit’s San Diego Office.
Mulvaney worked with Bruce Sanders (lower left photo), Paul Brown and Matthew Bean of Voit to represent the seller, Rancho Santalina, LLC, a San Diego-based real estate investment firm. The buyer, National University, was represented by John Bucher of John Bucher Real Estate.
“We understood the development potential of this property, which sits on a 5.03-acre parcel. The excess land can accommodate an additional building, and potentially a parking structure,” said Mulvaney.
“We were successful in communicating this potential, and identifying a buyer who was seeking a property with opportunities for development down the road.”
This property is located just off of the I-15 freeway at the intersection of Carroll Canyon Road and Business Park Avenue in Scripps Ranch, San Diego.
Contact:
Judith Brower/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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