VOIT REAL ESTATE SERVICES COMPLETES 12,000 SQUARE-FOOT OFFICE SALE IN SAN DIEGO
Brian Mulvaney, SIOR, CCIM; Bruce Sanders; and Matthew Bean Achieve High Sale Price for Building at 11610 Iberia Place in San Diego
SAN DIEGO, CA – January 10, 2012 – (RealEstateRama) — Voit Real Estate Services’ San Diego office has completed the $2.375 million sale of a 12,292 square-foot office property located at 11610 Iberia Place in San Diego, Calif. This Class B, two-story office building was built in 1980 and has undergone extensive renovation, according to Brian Mulvaney, SIOR, CCIM in Voit’s San Diego Office.
Mulvaney worked with Bruce Sanders and Matthew Bean, also of Voit’s San Diego office, to represent the seller, Parkside Plaza, LLC.
“The Voit team, with the assistance of cooperating brokers, was strategic in locating an owner-user buyer that would benefit from this partially occupied, yet well parked quality building,” said Mulvaney. “The buyer plans to operate its business in a portion of the facility, while retaining the tenants who are currently leasing the remaining space. Our team successfully demonstrated the property’s benefits from both an operational and investment perspective, and ultimately secured an excellent sale price for our client in the current market.”
The buyer, Boatracs Inc., a company that specializes in wireless maritime information solutions, acquired the property as an owner-user and also achieved a good value for a high quality property, according to Voit. Boatracs Inc., was represented by Doug Ceresia and Matt Midura of NAI San Diego.
The property is located off the I-15 across from Webb Park in the heart of Rancho Bernardo.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.
Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971 and currently employs more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.
Contact:
Judith Brower
Brower, Miller & Cole
(949) 955-7940
JBrower (at) browermillercole (dot) com
