Private Investor Acquires Property At 690 Otay Lakes Rd Chula Vista For $8.8 Million

An office and medical building located at 690 Otay Lakes Road in Chula Vista has been sold. The property was acquired for $8.8 million and has a total of 28,700 square feet of space. Built in 1979 and renovated in 2016, the two-story structure offers a landscaped entryway, flexible suites of varying sizes, and ample natural light. The site spans 2.9 acres and includes 154 parking spaces. At the time of sale, it was fully occupied by multiple tenants, including New American Funding and Edward Jones.

Summary of transaction details:

• Property Type: Office and Medical Building
• Transaction Amount: $8,800,000.00
• Address: 690 Otay Lakes Rd, Chula Vista, CA
• Market: Chula Vista
• Square Footage: 28,700 SF
• Seller's Representatives: Matt Pourcho-CBRE, Christian "Chris" Williams-CBRE, Chris Williams-CBRE
• Buyer: Private Investor
• Year Built: 1979
• Year Renovated: 2016
• Tenant Occupants: New American Funding, Life Residential, Eastlake Rejuvenation and Wellness Center, Excel Speech Therapy Center, Boursa Investments, Edward Jones
• Parking Spaces: 154

Matt Pourcho, Anthony DeLorenzo, Matt Harris, Chris Williams, and Ramin Salehi of CBRE were the representatives for the seller throughout the transaction.