VOIT REAL ESTATE SERVICES DIRECTS $5.6 MILLION OFFICE SALE TO NATIONAL UNIVERSITY IN SAN DIEGO
San Diego, CA – June 11, 2012 – (RealEstateRama) — Voit Real Estate Services’ San Diego office has successfully directed the $5.6 million sale of a 31,421 square-foot office building located at 9980 Carroll Canyon Road in San Diego, Calif., on behalf of the seller. The buyer, San Diego-based National University, the second-largest private, nonprofit institution of higher education in California and the twelfth-largest in the United States, plans to use this two-story building for administrative and educational purposes, according to Brian Mulvaney, CCIM, SIOR, a Senior Vice President in Voit’s San Diego Office.
Mulvaney worked with Bruce Sanders, Paul Brown and Matthew Bean of Voit to represent the seller, Rancho Santalina, LLC, a San Diego-based real estate investment firm. The buyer, National University, was represented by John Bucher of John Bucher Real Estate.
“We understood the development potential of this property, which sits on a 5.03-acre parcel. The excess land can accommodate an additional building, and potentially a parking structure,” said Mulvaney. “We were successful in communicating this potential, and identifying a buyer who was seeking a property with opportunities for development down the road.”
This property is located just off of the I-15 freeway at the intersection of Carroll Canyon Road and Business Park Avenue in Scripps Ranch, San Diego.
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 brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management 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/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
Jquader (at) browermillercole (dot) com
