Grubb & Ellis/BRE Commercial arranged the sale of the 76,822-square-foot Federal Express Distribution Facility in San Diego.

The value of the transaction was $11.6 million.

Situated on 6.5 acres, the single-tenant industrial building is located at 1650 47th St.

Hibiscus Investments Inc. sold the property to Levine Family Trust.

San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription