Harbor Associates Sells 132669 Sq Ft Office Building In Chula Vista For $29.5M

A Class A office building located at 2300 Boswell Road in Chula Vista has sold for $29,500,000. The property spans 132,669 square feet and was 94% occupied at the time of sale. The transaction reflects a price per square foot of $222, indicating a solid investment in the region's office market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,500,000
• Square Footage: 132,669
• Address: 2300 Boswell Road
• Market: Chula Vista
• Seller: Harbor Associates
• Brokers: Anthony DeLorenzo, Casey Sterk, Matt Harris & Matt Pourcho - CBRE

The transaction was arranged by CBRE, who facilitated the sale on behalf of the seller, Harbor Associates, through Plaza at Eastlake LLC. The property had recently undergone $2.24 million in renovations, and the San Diego submarket has maintained a 4% vacancy rate over the past five years.