Grubb & Ellis|BRE Commercial, one of the leading providers of integrated real estate services, recently announced the sale of 61.69 acres of land to the Murrieta Valley Unified School District for $26 million, the land will be used for development of a new high school for area residents. They also completed a $5.2 million sale of the WaterGarden Business Centre located in San Diego's Sorrento Mesa submarket at 5755 Oberlin Drive.
Located at 40851 Los Alamos Road, Murrieta, 92562, the future high school site is situated just outside the Golden Triangle area between Lake Elsinore and Murrieta. The seller was John L. McElroy, 2001 Trust. Tim Winslow and Josh Vasbinder of Grubb & Ellis|BRE Commercial represented both parties to the transaction.
The three-story WaterGarden Business Centre office building consists of 28,400 square feet and is currently 86 percent leased to 18 tenants. Major tenants include Advanced Financial Strategies, The Advantage Network, Transworld Systems, Coast Consultants, Kenneth Goertz, CPA and the Law Offices of Jack Stephens.
The building, originally constructed in 1985, is situated on 1.06 acres and features an attractive atrium with reflective ponds and lush landscaping. The seller was Denzo I, LP. The buyer was WG Oberlin, LLC.
Grubb & Ellis|BRE Commercial brokers Steve Rowland, Michael Roberts, Robert Kuzman, and Andrew Ewald handled the transaction. Ewald and Kuzman are also slated to take over the office leasing assignment.
Grubb & Ellis|BRE Commercial is one of Southern California's leading privately-held commercial real estate brokerage firms. Based in San Diego and a leader in market coverage, Grubb & Ellis|BRE Commercial represents approximately 30 million square feet of industrial, office and retail properties throughout the region.
With corporate office locations in Carlsbad, UTC, downtown San Diego, Otay Mesa and Temecula, the Grubb & Ellis|BRE Commercial team consists of approximately 170 commercial real estate professionals and personnel. The company maintains extensive expertise in all phases of commercial real estate transactions including leasing, investment sales, property management, market research analysis and financial analysis. For more information about Grubb & Ellis|BRE Commercial, please visit www.brecommercial.com.
Located at 40851 Los Alamos Road, Murrieta, 92562, the future high school site is situated just outside the Golden Triangle area between Lake Elsinore and Murrieta. The seller was John L. McElroy, 2001 Trust. Tim Winslow and Josh Vasbinder of Grubb & Ellis|BRE Commercial represented both parties to the transaction.
The three-story WaterGarden Business Centre office building consists of 28,400 square feet and is currently 86 percent leased to 18 tenants. Major tenants include Advanced Financial Strategies, The Advantage Network, Transworld Systems, Coast Consultants, Kenneth Goertz, CPA and the Law Offices of Jack Stephens.
The building, originally constructed in 1985, is situated on 1.06 acres and features an attractive atrium with reflective ponds and lush landscaping. The seller was Denzo I, LP. The buyer was WG Oberlin, LLC.
Grubb & Ellis|BRE Commercial brokers Steve Rowland, Michael Roberts, Robert Kuzman, and Andrew Ewald handled the transaction. Ewald and Kuzman are also slated to take over the office leasing assignment.
Grubb & Ellis|BRE Commercial is one of Southern California's leading privately-held commercial real estate brokerage firms. Based in San Diego and a leader in market coverage, Grubb & Ellis|BRE Commercial represents approximately 30 million square feet of industrial, office and retail properties throughout the region.
With corporate office locations in Carlsbad, UTC, downtown San Diego, Otay Mesa and Temecula, the Grubb & Ellis|BRE Commercial team consists of approximately 170 commercial real estate professionals and personnel. The company maintains extensive expertise in all phases of commercial real estate transactions including leasing, investment sales, property management, market research analysis and financial analysis. For more information about Grubb & Ellis|BRE Commercial, please visit www.brecommercial.com.