Some 73,903 square feet of industrial space has sold in separate deals in San Diego County, Calif., for an aggregate price of nearly $20.4 million.
Handled by brokerage Grubb & Ellis, the first deal involved a 52,260-square-foot research and development building at 5935 Darwin Court in Carlsbad. Pacific Development Partners paid $15.4 million for the facility, which was sold by Cruzan Monroe Inc.
In the second transaction, Horst Family Properties LLC paid approximately $5 million for an industrial warehouse/office and showroom totaling 21,643 square feet. Sold by Leverant Trust, the property is located at 5150 Convoy St. in San Diego.
Occupancy plans for the properties were not disclosed.
What’s your opinion? Send your Letter to the Editor to email@example.com.