SMS Tech Facility changes hands

RJ Waples Investors LLC this week announced the sale of the SMS Technologies Facility in San Diego, Calif., for a price of $10.8 million.

Meridian Value Partners LLC purchased the property at 9877 Waples St., which is situated on 3.6 acres. The single-tenant, 61,650-square-foot, flex/R&D facility is home to SMS Technologies Inc., which provides electronic manufacturing services to military, telecommunications, medical and automotive companies.

The facility was originally a build-to-suit for SMS Technologies, which has occupied the building since its completion in 1989 and holds the lease until year-end.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.