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

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top