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Enterprise Zone building on Gateway Center sold

The 65,300-square-foot industrial building in the SEDC Planned District enterprise zone at 885 Gateway Center Way, San Diego 92102, has been sold for $7,052,000.

The buyer was CRH, Limited Company, LLC, a Kansas limited liability company qualified to do business in California as CRH Limited Company, LLC, c/o Hinkle Law Firm, 9621 E. 21st St. North, Suite 200, Wichita 67206.

The acquisition was financed with a loan of $5.72 million from Intrust Bank of Wichita.

The sellers of the property (assessor's parcel 546-440-31) were Donald D. Paradise and Patricia L. Paradise, trustees of the Paradise Family Trust.

Jay Diskin of Colliers International was the selling agent. Jeff Brown, Chris Holder and Mickey Morena of Cushman & Wakefield were the listing agents.

The flex building was constructed in 1996 on a 4.12-acre lot, which has 132 parking spaces. The building includes 9,000 square feet of office space. The building also has four dock-high loading doors, five grade-level loading doors and a clear ceiling height of 24 feet.

The owner, the Culligan soft water company, is consolidating its operations from Miramar and Lemon Grove into the Gateway Center building.

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