Alto Real Estate Fund & Milan Capital Management Acquire Medical Office On Pomerado Rd, San Diego For $17M

An office building located at 15705 Pomerado Rd in San Diego has been sold in a closed transaction. The asset is a medical office with a total square footage of 46,183. The property was sold for a price of $17,000,000, resulting in a price per square foot of $368. The capitalization rate for this transaction is reported to be 5.8%.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $17,000,000
• Address: 15705 Pomerado Rd, San Diego
• Market: San Diego
• Square Footage: 46,183
• Price per Square Foot: $368
• Capitalization Rate: 5.8%

The sellers of the property are Alto Real Estate Fund and Milan Capital Management, represented by Chris Nichelson. No additional information about the deal or the involved parties was provided.