IRA Capital Acquires Office In San Diego For $11.25M

An office property located at 910 Sycamore Avenue in San Diego has been sold in a closed transaction. The property spans 20,282 square feet and was sold for a total price of $11,250,000, resulting in a price per square foot of $554. The sale took place on December 30, 2021. The buyer of the property was IRA Capital, represented by Amer Kasm and Andrew Tran. The seller was MGNC Partners, represented by Ron Smith. The transaction was facilitated by Bob Cowan, Mark Avilla, and Peter Curry of Cushman & Wakefield.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,250,000
• Square Footage: 20,282
• Price per Square Foot: $554
• Address: 910 Sycamore Avenue, San Diego
• Market: San Diego

The buyer, IRA Capital, was represented by Amer Kasm and Andrew Tran. The seller, MGNC Partners, was represented by Ron Smith. The deal was facilitated by brokers Bob Cowan, Mark Avilla, and Peter Curry from Cushman & Wakefield.