Located at 6794 La Jolla Blvd., the building encompasses 3,500 sf. The buyer, Private Properties LLC, has shelled out $800,000 for the property.
Laleh and Niloo Monshizadeh of Prudential California Realty acted on behalf of Private Properties LLC. The seller, Sydney Walker III and the Songmin Walker Family Trust, was represented by Mike Slattery of BRE Commercial/NAI's San Diego office.
The San Diego County office market is currently on the rebound, as the region's office market experienced 680,110 sf of net absorption in this year's second quarter, according to research by Burnham Real Estate Services. In addition, Burnham's figures point out that the amount of office sublease space available in San Diego County decreased from 1.9 million sf at year-end 2001, to 1.7 million sf as of June 30, 2002.
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