Samuel Efter & Elias Lilienthal Of Equinvests Capital Acquire Office Building In San Diego For $12.08M

The office building at 5575 Ruffin Road in San Diego, CA was acquired by Equinvests Capital for a total price of $12,080,000. The asset encompasses 34,531 square feet, translating to a price per square foot of approximately $350. This transaction marks the highest major office price per square foot in the quarter, reflecting the robust demand in the Kearny Mesa submarket.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,080,000
• Buyer: Samuel Efter & Elias Lilienthal - Equinvests Capital
• Seller: Tom Capasse - Waterfall Asset Management; Patrick Tribolet - Fenway Capital
• Square Footage: 34,531
• Price Per Square Foot: $350

Representing the buyer, Samuel Efter and Elias Lilienthal are associated with Equinvests Capital, while Tom Capasse and Patrick Tribolet represented the sellers from Waterfall Asset Management and Fenway Capital, respectively. The acquisition occurred amidst favorable market conditions, with Kearny Mesa exhibiting low vacancy rates and positive absorption in the office sector.