Equus says it has sold the office/R&D complex located at 9173, 9174 and 9177 SkyPark Court in Kearny Mesa to an affiliate of HRPT Properties Trust, a real estate investment trust.
Equus purchased the property in 1996 for $5.4 million with $4.95 million of secured debt provided by GE Capital. Investors received a 300% return over six years.
"Our goal on each acquisition is to earn investors in excess of 20% per year, so this investment was very successful," says Chad Carpenter, president of Equus Realty Advisors.
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