PROPERTY ADDRESS, CONSIDERATION
San Diego, CA - (Date: June 20, 2022) – The 19,717 square foot stand alone, office building (APN: 562-310-72-00) located at 22 W. 35th Street, National City, CA 91950 has been sold for $6,300,000.
REPRESENTATION
Seller SCOS LP was represented by Brian Jenkins and Mike Conger of Commercial Asset Advisors. The Buyer BP Properties 619 LLC, Polak Properties LLC, and Strong Tower LP were represented by Shirley Kanamu, Valley Coleman, Blanche Golia, and Kurt Kerner of Pacific Coast Commercial.
SALE DETAILS
Square Footage: Approx. 19,717
Escrow Company: Chicago Title – Rob Shaw
Title Company: Chicago Title – Cameron Aldrich
Financing: First Republic Bank
ADDITIONAL INFORMATION
This sale was a 1031 exchange down leg sale for the seller and a 1031 exchange up leg purchase for the buyer. At the time of the sale the building was 87% occupied and sold at an approximate cap rate of 5.65%.
“Regardless of limited inventory and economic uncertainty, this sale is further indication of the strong 1031 exchange market we’re experiencing in commercial real estate,” said Shirley Kanamu, Senior Broker Associate of Pacific Coast Commercial.
CONTACT INFORMATION
SHIRLEY KANAMU
Senior Broker Associate
(619) 787-6374
Lic. 01268281
VALLEY COLEMAN
Sales & Leasing Associate
(619) 944-1979
Lic. 02065336
BLANCHE GOLIA
Senior Associate
(619) 458-8025
Lic. 01956233
KURT KERNER
Sales & Leasing Associate
(858) 964-8019
Lic. 02099773
Office (619) 469-3600 | 10721 Treena Street, Suite 200, San Diego, CA 92131 www.PacificCoastCommercial.com | Lic. 01209930
