JUST ACQUIRED - 38,617 SF Multi-Tenant Office Building

Monday, March 26, 2018

Sale Summary: Mike Conger and Brian Jenkins of ECP Commercial represented the Buyer of 5151 Shoreham Place, San Diego, CA 92122. The property is an approximate 38,617 square foot multi-tenant two story office building situated on 2.41 acres. Originally built in 1984. The project’s classic red brick façade and recent renovations compliments a well-designed, high quality office building in a stable submarket. The building was purchased by local investors, Performance Wealth Investments II, LLC. The Seller (Shoreham Place CGA, LLC) was represented by Rick Reeder and Brad Tecca of Cushman & Wakefield. Ben Schwartz of Cushman Wakefield arranged the financing.

Property Address: 5151 Shoreham Place, San Diego, CA 92122

Sale Date: 02/16/2018

Description: 38,617 SF Multi-Tenant Office Building

Sale Price: $10,825,000

Seller: Palisades Property Trust

Occupancy: 100%

Buyer: Performance Wealth Investments II, LLC

Seller Representation: Rick Reeder and Brad Tecca of Cushman & Wakefield

Buyer Representation: Mike Conger and Brian Jenkins of ECP Commercial

Financing: Ben Schwartz of Cushman Wakefield

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