Coastal Holdings Group Acquires Industrial Building In Poway For $4.1 Million

The industrial building located at 12155 Paine Place in Poway was sold for $4.1 million. The asset spans 11,050 square feet, translating to a price per square foot of approximately $371.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,100,000
• Address: 12155 Paine Place
• Market: Poway
• Square Footage: 11,050
• Price Per Square Foot: $371
• Buyer: Coastal Holdings Group
• Seller: Bergo Enterprises
• Buyer's Representative: Chris Duncan - Voit Real Estate Services
• Seller's Representative: Robb Kerr - Intersection Commercial Real Estate

Chris Duncan facilitated the acquisition for Coastal Holdings Group, while Robb Kerr represented Bergo Enterprises in the transaction. This sale marked a significant move in the Poway industrial market, reinforcing the collaboration between the involved parties.