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Lincoln Property Company Sells Central San Diego Industrial Asset
Lincoln Property Company disposed of a fully-leased 72,220-square-foot industrial facility on 2.32 acres in central San Diego for $16.3 million. The multi-tenant facility located at 5260 Anna Ave. was acquired by an unnamed Los Angeles-based private high net-worth family office as the upleg for their 1031 Exchange.
Cushman & Wakefield’s Bryce Aberg, Zach Harman, Jeffrey Cole and Jeff Chiate represented the seller. The firm’s Brant Aberg and Ryan Spradling also provided local market advisory.
Bryce Aberg says, “5260 Anna is a best-in-class multi-tenant industrial building and one of San Diego’s most unique investment opportunities in one of its most innovative submarkets, Morena. The property is 100% leased to two well-established tenants, together providing stable in-place income and secure cashflow. The property may also lend the potential for value enhancement through increasing the current under market rents.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


