SAN DIEGO – Cassidy Turley San Diego, the region’s market leader in commercial real estate services, today announced that it facilitated the sale of the 85,180-square-foot industrial building located at 9115 Activity Road in Miramar for $10.2 million or approximately $120 per square foot.
Bryce Aberg, SIOR, Brad Tecca and Brant Aberg of Cassidy Turley represented both the seller, Miramar Activity Corporation c/o American Realty Advisors, and the buyer, KEIRE SDA, LLC, in the transaction.
“This was the largest building purchase by an owner who will also occupy the building in the Miramar submarket in 2012, demonstrating that the overall central San Diego market and activity in Miramar specifically is improving,” said Bryce Aberg. “The building was originally marketed for sale or lease and will be used for the sale and service of Porsche, Audi and Land Rover vehicles.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
Cassidy Turley provides regional real estate services with local market leader Cassidy Turley San Diego. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded more than $1.2 billion in transactions in 2011. For more information about Cassidy Turley San Diego, please visit www.cassidyturley.com/sandiego or contact Dan Broderick, President and CEO of Cassidy Turley San Diego.