{"id":1004350166,"date":"2019-09-05T08:57:08","date_gmt":"2019-09-05T16:57:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004350166"},"modified":"2019-09-05T08:57:08","modified_gmt":"2019-09-05T16:57:08","slug":"san-diego-office-portfolio-trades-for-16m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-trades-for-16m\/","title":{"rendered":"San Diego Office Portfolio Trades for $16M"},"content":{"rendered":"<div id=\"attachment_1004350172\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004350172\" data-attachment-id=\"1004350172\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-office-portfolio-trades-for-16m\/balboa-tech-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg\" data-orig-size=\"1353,1016\" 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;1539526517&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=\"Balboa Tech Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Balboa Tech Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg?w=1024\" class=\"wp-image-1004350172 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg\" alt=\"Balboa Tech Center\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg 1353w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Balboa-Tech-Center-e1567676764866.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004350172\" class=\"wp-caption-text\">Balboa Tech Center. <em>Image courtesy of JLL<\/em><\/p><\/div>\n<p>Dollinger Properties has acquired Balboa Tech Center and 3255 Camino Del Rio South, two single-tenant office buildings totaling 60,139 square feet in San Diego, Calif. According to Yardi Matrix data, LBA Realty sold the assets for $16 million. The buyer also assumed the outstanding balance of a $10 million loan held by Nationwide. JLL brokered the deal on behalf of the seller, while the buyer was self-represented.<\/p>\n<p>Balboa Tech Center sits on 5.6 acres at 8965 Balboa Ave. in the Kearny Mesa submarket. The two-story, 26,914-square-foot office building is situated between Interstate 15 and State Route 163, about 9 miles north of downtown San Diego. The second property is at 3255 Camino Del Rio S. in the Mission Valley submarket. The two-story, 33,225-square-foot asset is adjacent to Interstate 8 and east of Interstate 805, 6.4 miles northeast of downtown. Both Class B buildings are 100 percent leased to the County of San Diego.<\/p>\n<p>The JLL Capital Markets team of Bob Prendergast, Lynn LaChapelle and Sach Kirpalani represented the seller in the deal. The same team was involved in the $90 million <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-pays-90m-for-san-diego-mob\/\">sale of Genesee Plaza<\/a> in July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL represented LBA Realty in the disposition of two single-tenant assets totaling 60,139 square feet.<\/p>\n","protected":false},"author":870,"featured_media":1004350172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,21742,21747,1608,15],"tags":[45530,32796,37933,33583],"class_list":["post-1004350166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-latest","category-office","category-san-diego","category-west","tag-dollinger-properties","tag-jll","tag-lba-realty","tag-nationwide-life-insurance-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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