ACI Apartments is pleased to announce the recent sale of an office building in Governor Park. The 17,533 square foot building, located at 6336 Greenwich Dr. San Diego, CA 92122 was purchased by SRT2 LLC for $4,800,000.
Mark Morgan of ACI Apartments represented SRT2 LLC / Buyer. The Buyer intends to substantially upgrade the asset. The Sellers were The Van Elk Trust and The Papike Trust and were represented by Tom Wilcox & Jay Arnett of Colliers International. The property was officially marketed for sale for approximately 240 days.
6336 Greenwich Dr. currently consists of 5 individual office suites ranging in size from 1,150sf to 8,000sf and was fully occupied at time of sale. The seller was occupying space at the property as an owner/user but will be vacating so the buyer can relocate his offices to the building. The property is ideally located just one exit south of UTC, minutes from Downtown San Diego, and enjoys easy freeway access to the 805/5/and 52.
6336 Greenwich Drive is located on a 1.18 acre lot on the border of La Jolla and the City of San Diego and sold for $273.77 per square foot. The lease rates for the office suites at time of sale averaged $2.20 per square foot per month. The property enjoys ample on-site parking with 52 spaces, two sets of restrooms with showers, and a large common area patio.
ACI Apartments is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined. Please visit us online at www.aciapartments.com