Bitwise At State Center Acquires Office Building In San Diego For $21.5M

The office property located at 3838 Camino Del Rio North in San Diego, CA has been sold. The transaction took place on November 23, 2022, with Bitwise at State Center as the buyer and Camino DRN Owner, LLC as the seller. The property, spanning 6 acres, was marketed for sale. The sale price for this property was $21,500,000, with a total square footage of 95,000. The price per square foot was $226.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $21,500,000
• Buyer: Bitwise at State Center
• Seller: Camino DRN Owner, LLC
• Brokers: Matt Pourcho & Anthony DeLorenzo - CBRE; Louay Alsadek - Colliers
• Address: 3838 Camino Del Rio North, San Diego, CA
• Market: San Diego, CA
• Acres: 6

The deal was facilitated by brokers Matt Pourcho and Anthony DeLorenzo of CBRE, along with Louay Alsadek of Colliers. These professionals played a critical role in representing the involved parties in the transaction.