JLLÂ Capital Markets completed the $12.35-million sale of 8965 Balboa Ave., a 27,761-square-foot office building in San Diego. The deal represents one of several recent owner/user office sales in the Kearny Mesa submarket of San Diego, one of the most centrally located and stable office submarkets in the city.
A JLL team of managing directors Bob Prendergast and Lynn LaChapelle, along with associate Zac Saloff, represented the seller, Dollinger Properties. Cushman & Wakefield’s Mike Labelle and Bridget Gossett represented the buyer, Sharp HealthCare.
8965 Balboa Ave. is positioned between two of San Diego’s north-south arteries, Interstate 15 and State Route 163, providing quick access to most of the county. Additionally, it is immediately adjacent to the Montgomery Gibbs Executive Airport, which serves as a hub for private and corporate aviation. Originally built in 1985, the property is currently 100% leased to the County of San Diego, which has been onsite since 2002.
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