Clay Duvall And David Binswanger Of Lincoln Property Company Acquire Spectrum Tech Center For $26.25M

The property asset involved in this transaction is a mixed-use development located at 4820 Overland Avenue and 9112 Spectrum Center Boulevard in the San Diego market. The asset was sold for a transaction amount of $26,250,000, encompassing a total square footage of 161,981. The price per square foot is calculated to be $162.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $26,250,000
• Square Footage: 161,981
• Price Per Square Foot: $162
• Address: 4820 Overland Avenue & 9112 Spectrum Center Boulevard
• Market: San Diego

The acquisition was made by Clay Duvall and David Binswanger of Lincoln Property Company, along with Eric Samek of Brasa Capital Management. The buyer's plans for the property include rebranding it as Spectrum Logistics Center and undertaking significant renovations, such as upgrading the existing industrial building and developing a 3.7-acre IOS yard, with a target completion date in late summer 2026.