June 28, 2017 Comments Off on Commercial Equity Partners Completes Complex TIC Office Asset Deal Views: 836 California News, San Diego

Commercial Equity Partners Completes Complex TIC Office Asset Deal

San Diego-based Commercial Equity Partners acquired 171 Saxony Rd., a multi-tenant office property in Encinitas, CA from Birtcher Anderson Realty, which had acted as asset manager for 15 Tenants in Common investors. The total valuation of the transaction was $10.4-million, and 25% of the former ownership group elected to remain and join the newly formed acquisition entity.

The 30,694-square-foot atrium courtyard style, steel-framed building was 95% leased at the time of sale.

Commercial Equity Partners’ Jeff Johnson says, “The location adjacent to I-5 Freeway and Encinitas Boulevard is extremely convenient for tenants. We are minutes from Downtown Encinitas, and the area is amenity rich.”

Cushman & Wakefield’s Brooks Campbell, Peter Curry and Joe Anderson represented both parties in the sale.

Connect With Commercial Equity Partners’ Johnson

Connect With Birtcher Anderson Realty

Connect With Cushman & Wakefield’s Campbell

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