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California  + San Diego  + Industrial  | 
Miramar Parcel’s Solid Tenant Base Provides Buyer with Predictable Income

Miramar Parcel’s Solid Tenant Base Provides Buyer with Predictable Income

A 3.56-acre industrial parcel in Central San Diego’s industrial district of Miramar recently sold for $13.8 million. Totaling 17,931 square feet on 3.56 acres, the Miramar Road site is one of the few low coverage properties in the area.

Colliers’ Evan McDonald, Tucker Hohenstein and Mike Erwin represented the buyers, Lincoln Property Company (LPC) West Inc. and Brasa Capital Management.

It boasts visibility from 60,000 daily commuters through the high-traffic Miramar Road area. The site holds light industrial zoning permits, offering the buyers ample build-to-suit opportunities. The parcel’s solid historical tenant base provides the buyer with predictable income in the next few years, making the execution of this deal a strategic long-term investment.

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Evan McDonald

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition