• News
  • SAN DIEGO
  • Real Estate

Flex building in Governor Park on Shoreham sold

The 25,600-square-foot vacant, freestanding, flex-office/R&D building in Governor Park at 5015 Shoreham Place, San Diego 92122, has been sold for $3,918,000.

The buyer was GA-Monroe Shoreham LLC, 3394 Carmel Mountain Road, Suite 130, San Diego 92121, Attn: Phil Monroe.

The new ownership is doing business as Locale Advisors Inc., which plans immediate renovations, including high exposed ceilings, glass roll-up doors, and new outdoor amenity space.

Wells Fargo Bank provided a construction loan of $3,370,500.

The seller of the property (assessor's parcel 348-031-19) was Cliffwood California LLC, a California limited liability company. Lois Rosen, trustee of the Lois Rosen Revocable Trust is the member manager of Cliffwood.

Patrick Rohan, senior director with Cushman & Wakefield, represented the buyer and the seller.

The one-story, class B building was constructed in 1985 on a 2.47-acre lot. The building includes a 14-foor clear warehouse ceiling, two grade-level truck doors and an 80 percent office build-out.

The building was sold in March 2000 for $3,752,000.

Leave Your Comment

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.

User Response
0 UserComments

Leave Your Comment

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.

Subscribe Today!