E Point Perfect

National City Office Building Sells for $6.3M in ‘Constrained’ South Bay Market

San Diego Commercial real estate
22 West 35th St. in National City. Photo credit: Courtesy, Commercial Asset Advisors

A National City office building has been sold for $6.3 million, according to a commercial real estate broker.  

The property, at 22 West 35th St., consists of a 19,917-square-foot office building that is centrally located, with high visibility and convenient freeway access.

Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the seller, SCOS, L.P. Shirley Kanamu and Valley Coleman of Pacific Coast Commercial represented the buyer, Strong Tower, L.P.

CAA Principal Brian Jenkins described SCOS as a longtime client.

“CAA identified that the timing and lease rollover could work for an owner/user – making this an ideal time to put this building on the market,” he said. “The buyers were able to acquire a very well-maintained, high-quality asset with excellent building infrastructure in a very constrained South Bay market.”

CAA has represented multiple buyers and sellers in all product types all over San Diego County. The San Diego-based firm serves private clients, family offices and corporate, institutional, nonprofit and national organizations.

Source link

Related posts

Flu Spreading Fast – Cases Up 45% in Past Week As County Reports 1st Death of Season

SDSU Opens Hoops Season Nov. 7; Early Match-ups Include Ohio State, Stanford, BYU

Led By Migrants Fleeing Communism, Border Crossings Are at Historic Levels

County Officials Say Novavax is Available, As They Count 859 New COVID Cases, 6 More Deaths

Supervisors Advance Community Benefits Program to Protect Neighborhoods, Residents

Man Walking on Freeway Killed When SUV Overturns, Strikes Him Following Fender Bender