California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Nuveen JV Acquires Industrial Park in Central San Diego
Colliers arranged the sale of 7949 Stromesa Ct., a 107,564-square-foot multi-tenant industrial building located in the Miramar submarket of San Diego. The buyer was a joint venture team, Birtcher Anderson & Davis and Nuveen, that purchased the asset for $26,500,000.
EVP Evan McDonald and senior associate Kurtis Blanchard of Colliers represented the JV. Dean Asaro of Kidder Mathews represented the undisclosed seller.
“Great execution by the Birtcher & Nuveen team,” said McDonald. “7949 Stromesa Ct. is one of the most desirable multi-tenant industrial assets in Central San Diego from both a tenant and landlord perspective. The unique bay size and functionality complement the demand in the central San Diego marketplace.”
The single-story industrial park was 95% leased to 12 tenants at the time of sale. Situated on a 5.35-acre lot, 7949 Stromesa Ct. is centrally located in Miramar.
- ◦Sale/Acquisition


