CBRE’s Investment Properties-SOCAL team is pleased to announce the sale of 38670 Sky Canyon, a two story, 39,140 SF office building on 2.69 acres in Murrieta, California. The property was 50% occupied at the time of sale and traded for $7,150,000 or $183 PSF. Gary Stache and Doug Mack of CBRE represented the seller. The…

CBRE’s Investment Properties-SOCAL team is pleased to announce the sale of 2727 Kurtz Street, an 83,469 SF industrial building including 27,149 SF of mezzanine on 3.1 acres in San Diego, California. The property was 100% leased to Fortune 100 tenant with 5 years of remaining lease term at the time of sale and traded for $16,300,000 or…

Newly formed RAF Pacifica Group has acquired a 16-building, 277k SF San Diego County industrial portfolio. Though the acquisition price was not disclosed, the firm’s $19.6M loan was leveraged at 50%, according to the company. This was RAF Pacifica’s first acquisition. The portfolio includes six quality, tenant-diversified, full-occupancy, multi-tenant business parks. Based on each project’s multi-tenant structure,…

HG Capital and its operating partner, SR Commercial, recently leased a newly renovated industrial building to Amazon, Inc. Located in Central San Diego, the property offers excellent access to downtown, Point Loma, the airport, and both Interstate 5 and Interstate 8, making the 84,000 square foot property ideal for an e-retailer. The greater surrounding 14.5…

Prolific industrial buyer SR Commercial has bought again, this time in Carlsbad. The firm purchased 3193 Lionshead Ave, a 65k SF flex industrial property, from Vinturi Inc for $8.75M. DTZ’s Aric Starck brokered the sale. The facility, used by the previous owners but now empty, is in the Carlsbad Raceway Business Park. SR Commercial, led…

SR Commercial has headed about an hour north for its latest buy, with the firm picking up a 101k SF multi-tenant industrial property at 26201 Ynez Rd in Temecula. The building is leased to Get Air (an indoor trampoline park) and Mountain View Community Church. SR Commercial paid nearly $7M for the property, or just…

A local commercial RE investment duo best known for buying and rehabbing properties is getting into spec development. SR Commercial has picked up a nearly 12-acre site in the Carlsbad Oaks North master-planned corporate park for $6.2M from Techbilt Construction Corp. In turn, the firm is developing a 151,500 SF multi-tenant distribution facility, capitalizing on…

The key to getting value-add deals done successfully in the current climate, SR Commerical principal CJ Stos tells us, is rapid action. Recently SR sold the 128k SF 2611 Business Park Dr building in Vista for $13.5M, or $105.50/SF after paying $79/SF for the asset in early 2013. Greater San Diego industrial supply is constrained, CJ…

Rack up two more for SR Commercial principals Adam Robinson and CJ Stos. The dynamic duo’s latest acquisitions include Nordahl Center, a 40k SF retail/industrial park in Escondido, which will be renamed Gateway @ Mission. The pair also bought a 39k SF Class-A office building in Murrieta. Adam and CJ say the acquisitions represent the…

It’s not the Beach Boys, but SR Commercial boasts sandy beaches, surfing, fast cars, and Pet Sounds (if you bring your own pet). One more thing it can brag about: acquiring its sixth property so far this year in San Diego, with No. 7 in escrow. SR is rapidly expanding its acquisition. (Colliers International’s Henry…