JUST SOLD - 31,134 SF Multi-Tenant Commercial Park - $4,050,000

Wednesday, March 11, 2015

Sale Summary: 32,134 SF Multi-Tenant Industrial & Office Park The property, known as Mission Gorge Business Park, consists of three multi-tenant industrial and office buildings totaling 32,134 square feet and is situated on three separate parcels totaling 3.29 acres. Comprised of a mix of small and medium size suites, the property offers tenants a variety of build out options, two outside storage yards, street frontage directly along Mission Gorge Rd, and flexible zoning. The Buyer intends to remodel and reposition the property to benefit from the current and future redevelopment taking place along Mission Gorge Rd and within the Grantville corridor. Ongoing leasing will be provided by Pat Geary of ECP Commercial and property management will be handled by Roberta Meyer of ECP AssetCare.

Address: 7525-7579 Mission Gorge Road, San Diego, CA 92120

Sale Date3/3/2015

Escrow: Karen Stephens of Ticor Title

Buyer: Rio San Diego, LLC

Buyer Representation: Pat Geary and Joe Bonin of ECP Commercial

Seller: Mission Gorge Business Park, LLC

Seller Representation: Pat Geary and Joe Bonin of ECP Commercial

Title: Cameron Aldrich of Chicago Title Company

Escrow: Robert Shaw of Chicago Title Company

Financing: Carlton Roark of North Island Credit Union

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