Industrial space nabbed in San Diego submarket

Purchase involves 100,000-plus square feet

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Grubb & Ellis/BRE Commercial negotiated the sale of a 106,412-square-foot industrial building in San Diego, Calif. The value of the transaction was approximately $13.7 million. The single-tenant facility, located at 10015 Waples Court, is situated in one of San Diego's most prominent industrial and R&D submarkets, Sorrento Mesa. The building, completed in 1988, sits on approximately 5.4 acres, and was 100 percent leased at the time of sale to SOLA International Inc., a wholly owned subsidiary of Carl Zeis. Brookwood Sorrento Investors LLC sold the property to Kearny Real Estate. San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage firm operating in San Diego and Riverside counties. ...