Located on an eight-acre parcel at the corner of Overland Drive and Spectrum Center Boulevard, the complex consists of a two-story corporate office facility encompassing 60,335 sf and a 98,250-sf research and development building. Both facilities are concrete tilt-ups with steel frames. Completed in March 2002 by Layton-Belling & Associates, the build-to-suit was designed to accommodate both large tenant requirements and possible multi-tenant uses.
Nick Psyllos of CB Richard Ellis' San Diego office acted on behalf of both WP Carey and the seller, LBA Overland LLC, which is a partnership between Layton-Belling & Associates and AEW Capital Management.
According to Psyllos, the Overland Storage campus is an "excellent investment opportunity for WP Carey," with San Diego being a top choice for business. He adds that highly functional, well-located product will "continue to be in demand," as it provides the buyer with "an optimal return on their investment."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.