COLDWELL BANKER COMMERCIAL BROKERS SALE OF MULTI-TENANT OFFICE BUILDING IN LA MESA, CALIF. FOR $3.5 MILLION
LA MESA, Calif. (August 24, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale of a multi-tenant office property located at 7840 El Cajon Blvd. in La Mesa, Calif. in a transaction valued at $3.5 million.
Steven Thompson, vice president of Coldwell Banker Commercial Real Estate Solutions, represented the seller in the transaction.
The five-story, 25,000 square feet office property, built in 1971, is situated on 0.18 acres of land, and has easy access to both Interstate 8 and State Route 125.
“The property offered a great mix of long-term tenants with a value-add opportunity for an investor/user as rents in the area continue to raise and current rents at the property are very low with short-term leases and the rents. The San Diego area office market is supported by a mix of defense contractors, healthcare providers, life sciences firms, and tech companies. Several top universities, including UC San Diego, the University of San Diego, and San Diego State University, provide a talent pool of job-seeking graduates and collaborative work with firms and research institutes,” said Thompson.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Real Estate Solutions, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com
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