September 19, 2019 Comments Off on Rancho Bernardo Industrial Building Sold for Nearly $10M Views: 726 California News, San Diego

Rancho Bernardo Industrial Building Sold for Nearly $10M

A 46,936-square foot, stand-alone industrial building in San Diego’s Rancho Bernardo neighborhood has traded hands for $9,500,000. The buyer in the off-market transaction was Alfa Partners, LLC, while the seller was 12375 World Trade Drive L.P.

The vacant industrial property is located at 12375 World Trade Dr. The highly-functional industrial building is equipped with multiple dock and grade door positions, ESFR sprinkler capacity and 24-foot clear heights, among other features.

Colliers International’s Evan McDonald represented the buyer. CBRE’s Ryan Sparks and Bill Dolan advised the seller.

Colliers’ McDonald says, “The building was purchased by an investor who plans on leasing the facility to a prospective tenant. As with this sale, occupier activity in San Diego continues to be robust, particularly in the central, in-fill industrial markets like Rancho Bernardo, Kearny Mesa and Miramar.”

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