Peer Properties-2 LLC Acquires Industrial Property In San Diego For $13.7M With ALFA Partners As Seller

An industrial building located at 12375 World Trade Drive in San Diego was recently sold for $13,700,000. The asset spans 46,936 square feet and is positioned strategically near the I-15 corridor, close to Apple's new campus and major retail amenities. The property features a 24-foot clear height and multiple loading doors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,700,000
• Square Footage: 46,936
• Price Per Square Foot: $292
• Buyer: Peer Properties-2 LLC
• Seller: ALFA Partners LLC
• Brokers: Matt Pourcho, Sean Williams, Bill Dolan, Ryan Sparks & Anthony DeLorenzo - CBRE

The transaction involved Peer Properties-2 LLC, a 1031 buyer, who acquired the property after a competitive bidding process. The seller, ALFA Partners LLC, was represented by CBRE, emphasizing the collaborative efforts of the brokerage team during the negotiation and closing stages of the deal.