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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.
- ◦Sale/Acquisition
