Shidler sells SoCal complex

Site comprises multiple structures

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

The Shidler Group has sold Chesapeake I & II, two three-story buildings totaling 88,260 square feet in San Diego, Calif. The total value of the transactions was approximately $17.1 million. The buildings are located at 9619 Chesapeake Drive and 9444 Farnham St. The buyer was the Lomas Santa Fe Group and its purchasing entities were Lomas Pacific I LLC, and Lomas Pacific II LLC. The Shidler Group entity selling the property was Chesapeake I & II LLC. The property was 97 percent leased at the time of sale, with major tenants including Scripps Home Health, California Bank & Trust, Kelly Staffing and HDR Engineering. The Chesapeake Drive building is located on a 1.8-acre lot and the Farnham building occupies a 2-acre lot. Both were constructed in 1985. The Shidler Group is a national real estate organization that acquires commercial real estate. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....