The 121,496-square-foot warehouse building in Sorrento Mesa at 6650 Top Gun St., San Diego 92121, has been sold for $18.32 million, cash.
The buyer was GFP Alliance San Diego, LLC, c/o Alliance Commercial Partners LLC, 165 S. Union Blvd., Suite 510, Lakewood, Colo., 80228.
The seller of the property (assessor's parcel 311-450-18) was Zimbabwe Properties, LLC, a California limited liability company with Alby Amato manager, 5810 Meadows Del Mar, San Diego 92130.
Mickey Morera and James Duncan of Cushman & Wakefield Inc. represented the buyer and seller.
The building was constructed in 1993 on a 6.69-acre lot and sold for $150.79 per square-foot and a cap rate of 7.6 percent.
The building is occupied by Russell Sigler Inc. under a leashold with 3.5 years remaining.
The building includes 16 dock-high loading docks and one grade-level door. The building also has approximately 10,000 square feet of office space (12 percent).
The property was sold in November 2004 for $11 million ($90.54-square-foot), with financing of $6.5 million.
Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.
SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.
All contents herein copyright San Diego Source ® 1994-2016