Tower Investments LLC Acquires Office Building In La Jolla For $3.2M

The property involved in this transaction is an office building located at 800 Silverado St, San Diego, CA, 92037, within the La Jolla market. The building encompasses a total of 19,129 square feet and was sold for $3,200,000. It sits on an 11,326-square-foot parcel and is under a remaining 31-year ground lease. Constructed in 1986, the building was fully occupied at the time of the sale, with notable tenants such as City National Bank and the law firm Blanchard, Krasner and French.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,200,000.00
• Address: 800 Silverado St, San Diego, CA, 92037
• Market: La Jolla
• Square Footage: 19,129 SF
• Seller: Laubro No.1 LLC
• Buyer: Tower Investments LLC
• Seller's Representatives: Pascal Aubry-Dumand - JLL, Paul Lafrenz - Colliers International

In this transaction, Tower Investments LLC represented itself, while the seller, Laubro No.1 LLC, was represented by Pascal Aubry-Dumand of JLL and Paul Lafrenz of Colliers International. The building was fully occupied at the time of sale