JUST SOLD - 14,430 SF Parkridge Professional Center - $4,675,000

Monday, August 3, 2015

Sale Summary: Joshua J. Smith, Brent Bohlken, and Bob Teglia represented the seller of 1415 Ridgeback Road, Chula Vista, CA 91910. The 14,430 Multi-Tenant Office building was purchased by an investor as part of their 1031 Exchange upleg. The building was 90% leased at the time of sale and is primarily occupied by medical/dental tenants.

Address: 1415 Ridgeback Road, Chula Vista, CA 91910

Sale Date: 04/16/2015

Sale Price: $4,675,000

Size: 14,430 SF

Buyer Representation: Jeff Marsh, San Diego Realty Services

Seller Representation: Joshua J. Smith (ECP Commercial), Brent Bohlken and Bob Teglia (NGKF)

Title & Escrow: Chicago Title & Escrow

Buyer’s Loan Broker: Marc Iacono, Real Estate Capital Advisors

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