Investments, Retail, Office, Industrial,

Multi-Family and Tenant Representation

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55,943 SF REMODELED MULTI-TENANT OFFICE SOLD- KEARNY MESA

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Property Address: 8787 Complex Drive, San Diego, CA 92123

Summary of Sale: Mike Conger and Brian Jenkins represented the Buyer of 8787 Complex Dr. San Diego, CA 92123. The property is an approximately 55,943 square foot multi-tenant four story office building situated on 1.59 acres. Originally built in 1978 the project was significantly redeveloped by Gensler Design with approximately three million dollars in capital which was completed first quarter 2014. The building was purchased by a local investors, PWI Complex, LP.

Description: 55,943 square foot multi-tenant office building

Sale Price: $12,100,000

Seller: Marquis Property Company (Malibu, CA)

Buyer: PWI Complex, LP (San Diego, CA)

In Place Cap Rate: Approximately 7%

Occupancy: Approximately 86%