Buyer secured for San Diego office space

Building scheduled for rehabilitation

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Colliers International negotiated the sale of a 62,148-square-foot office building in the Carmel Mountain Rancho area of San Diego, Calif. The value of the transaction was $9.8 million. The property is located at 12230 World Trade Drive. Solana Beach, Calif.-based Judd King 2 sold the property to Newport Beach, Calif.-based Menlo Equities. The office building was 80 percent occupied at the time of sale. Major tenants are Pulse Technologies, a tenant for nearly 10 years, and Cypress Semiconductor Corp., scheduled to occupy the building in January 2005. The building will be rehabbed, including painting, lobby and common-area upgrades and a new entrance. Colliers International is a provider of commercial real estate services. *** What's your opinion? Send your Letter to the Editor to