LBA Logistics Acquires Commercial Property From Institutional Property Advisors In San Diego Transaction

The commercial property located at 5959 Santa Fe Street in San Diego, CA, 92109, was recently sold in a transaction amounting to $46,300,000.00. The asset, a coastal distribution facility situated in the submarket of Pacific Beach and Rose Canyon, spans 131,299 square feet and sits on 7.1 acres of land.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $46,300,000.00
• Market: San Diego
• Seller's Rep: Sean Williams (Institutional Property Advisors)
• Buyer: LBA Logistics
• SF: 131299

The deal was facilitated by Matt Carlson, Hunter Rowe, Roger Carlson, Barbara Perrier, and Joe Cesta of CBRE, who represented the undisclosed seller in the sale of the property to LBA Logistics, in what was a sale-leaseback transaction.