PROPERTY ADDRESS
Address: 6920 Miramar Road, San Diego, CA 92121
APN: 343-050-81
REPRESENTATION
Seller Representation: Pacific Coast Commercial
Broker Rep: Bo Gibbons and Lee Suryani
Buyer Representation: Curb Real Estate
Broker Rep: Ramin Karimi
6920 Miramar Road is a 34,750 SF multi-tenant office building part of a 4-building office condo project located along Miramar Road. The building was occupied by over 60 small tenants ranging in size from 50 SF to 2,000 SF, most on short-term leases. “The property was marketed for sale for over a year but finding a buyer proved difficult in today’s commercial lending environment and investors are nervous about the future demand for multi-tenant office. The listing team and Seller partnered with Ten-X to market the property and ended up with an all-cash buyer from Dubai that closed on the deal at $4,050,000 or $116/SF,” stated Bo Gibbons of Pacific Coast Commercial.
SALE DETAILS
Property Type: Multi-Tenant Office
Square Footage: 34,750
Sale Price: $4,050,000
Seller Name: Cortney F. Buse and Bernice C. Buse Family Trust
Buyer Name: 6920 Miramar Road LLC
Escrow Company: Novare National Settlement Service
Close of Escrow Date: July 1, 2024
Title Company: Fidelity National Title Insurance
CONTACT INFORMATION
Bo Gibbons
Senior Vice President
Lic. 01367936
Lee Suryani
Associate Vice President
Lic. 01384873
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