{"id":1004194478,"date":"2017-10-20T05:34:26","date_gmt":"2017-10-20T13:34:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194478"},"modified":"2022-12-08T19:38:24","modified_gmt":"2022-12-09T03:38:24","slug":"prologis-sells-iconic-san-diego-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-sells-iconic-san-diego-asset\/","title":{"rendered":"Prologis Sells Iconic San Diego Asset"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004194501\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194501\" data-attachment-id=\"1004194501\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prologis-sells-iconic-san-diego-asset\/santa-fe-depot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1484658744&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Santa Fe Depot\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Santa Fe Depot&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg?w=800\" class=\"wp-image-1004194501 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg\" alt=\"Santa Fe Depot\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194501\" class=\"wp-caption-text\">Santa Fe Depot,\u00a01050 Kettner Blvd. in San Diego<\/p><\/div>\n<p>Prologis Inc. sold an iconic, 102-year-old property in downtown San Diego. The firm has been the sole owner of the property dating back to the original Santa Fe Railway Co., making this the first actual sale of the building. Serving as its new property manager, Voit Real Estate Services arranged the transaction of the local landmark known as Sante Fe Depot. Kipp Gstettenbauer and Ryan King of Voit\u2019s Private Client Group\u2014specializing in selling and leasing privately held assets in San Diego County\u2014 represented both the seller and the buyer.<\/p>\n<p><em>\u201cThe sale is significant to the San Diego community and represents the seller\u2019s deep commitment to preserving this landmark asset,\u201d<\/em> said Gstettenbauer, senior vice president of Voit Real Estate Services\u2019 San Diego office, in prepared remarks. As its new owner, Santa Fe Depot LLC plans to preserve and maintain the building\u2019s historical features. David Marshall and Carmen Pauli of Heritage Architecture &amp; Planning were selected to lead the long-term preservation and restoration plans of the asset.<\/p>\n<h2>Mixed-Use Opportunities<\/h2>\n<p>The Santa Fe Depot is located at 1050 Kettner Blvd., in San Diego.<\/p>\n<p><em>\u201cThis is a world class location in downtown San Diego, adjacent to the San Diego Harbor and various new waterfront developments and in walking distance to urban Class A office, retail, hotel and multifamily properties,\u201d<\/em> said Gstettenbauer. The property\u2014a nationally registered historic site designed by architects Bakewell and Brown to reflect the colonial Spanish and Mission history of California\u2014is a two-story, 30,661-square-foot building situated on three acres.<\/p>\n<p>The building features retail, creative office and boutique hotel opportunities. Once serving as a hotel, the second floor is now vacant and there is 10,000 square feet adjacent to it that&#8217;s entitled for retail.\u00a0\u00a0<\/p>\n<p><em>\u201cBy working closely with the buyer and Heritage Architecture, we will be able to restore parts of the building that have gone unused for more than 50 years, while providing additional services in the station, expanding ridership for Amtrak and increasing the building\u2019s historic value,\u201d<\/em> Gstettenbauer added.<\/p>\n<p>Built only one year after the start of World War I, the Santa Fe Depot\u2014home to Amtrak\u2019s San Diego Union Station since 1920\u2014still serves as an integrated logistics hub linking the San Diego Light Rail System with the Metropolitan Transit System and the Regional Bus System.<\/p>\n<p><em>\u201cOur entire team is deeply connected in the local <a href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-steady-southern-california\/\">San Diego market<\/a>, and we are especially skilled in helping high-net-worth individuals and entities invest in unique buildings in this market,\u201d<\/em> Gstettenbauer concluded<\/p>\n<p><em>Image courtesy of Voit Real Estate Services<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voit Real Estate Services arranged the sale of the 102-year-old Sante Fe Depot, which offers mixed-use development opportunities. Heritage Architecture &amp; Planning will be in charge of restorations.<\/p>\n","protected":false},"author":928,"featured_media":1004194501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21752,21742,1608,15],"tags":[38036,38035,38034,32833],"class_list":["post-1004194478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-mixed-use","category-latest","category-san-diego","category-west","tag-heritage-architecture-planning","tag-kipp-gstettenbauer","tag-prologis-inc","tag-voit-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prologis Sells Iconic San Diego Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prologis-sells-iconic-san-diego-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prologis Sells Iconic San Diego Asset\" \/>\n<meta property=\"og:description\" content=\"Voit Real Estate Services arranged the sale of the 102-year-old Sante Fe Depot, which offers mixed-use development opportunities. Heritage Architecture &amp; Planning will be in charge of restorations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prologis-sells-iconic-san-diego-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-20T13:34:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:38:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Santa-Fe-Depot.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-sells-iconic-san-diego-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-sells-iconic-san-diego-asset\\\/\"},\"author\":{\"name\":\"Alex Ciorogar\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"headline\":\"Prologis Sells Iconic San Diego Asset\",\"datePublished\":\"2017-10-20T13:34:26+00:00\",\"dateModified\":\"2022-12-09T03:38:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-sells-iconic-san-diego-asset\\\/\"},\"wordCount\":444,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-sells-iconic-san-diego-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/10\\\/Santa-Fe-Depot.jpg\",\"keywords\":[\"Heritage Architecture &amp; 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