SMS Tech Facility changes hands

Tenant to stay put through end of year

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RJ Waples Investors LLC this week announced the sale of the SMS Technologies Facility in San Diego, Calif., for a price of $10.8 million. Meridian Value Partners LLC purchased the property at 9877 Waples St., which is situated on 3.6 acres. The single-tenant, 61,650-square-foot, flex/R&D facility is home to SMS Technologies Inc., which provides electronic manufacturing services to military, telecommunications, medical and automotive companies. The facility was originally a build-to-suit for SMS Technologies, which has occupied the building since its completion in 1989 and holds the lease until year-end. ...