April 1, 2016
Voit Real Estate Services completed the sale of a 12-building, multi-tenant, industrial/flex portfolio in San Diego to RAF Pacifica Group and Stos Partners. The private seller, which originally acquired the assets in 2007, sold the multi-tenant portfolio for an undisclosed amount.
The four-project portfolio totals 191,911 square feet, and includes Carroll Way Industrial Park, Sorrento Mesa Commerce Center, Rancho Pacifica and Oceanside Business Park. The San Diego-based buyer plans on implementing exterior and interior enhancements at the 100-percent leased portfolio to enhance value and increase tenant rents to market rate.
Voit Real Estate Services’ Randy LaChance, Todd Holley, Brian Mulvaney, and Josh West represented both the buyer and seller in the transaction.