Industrial Assets Fetch $13M

SAN DIEGO-With San Diego’s industrial market holding steady, The Muller Co. has sold four facilities located in The Crossroads at 4S Ranch industrial park in Rancho Bernardo in two separate transactions valued at a total of nearly $12.6 million.

In the larger of the two deals, AFJR Partners has acquired a 60,150-sf building located at 10946 Willow Court and a 24,370-sf facility that stands at 10948 Willow Court for a total of $7.4 million or $88 per sf. Tenants here include the San Diego Zoo, Wheel Pros and Quality Insulation. Dean Acosta of Colliers International acted on behalf of AFJR Partners. Acosta’s colleagues Brian Driscoll, Jay Alexander, Eric Northbrook, Chad Urie and Ryan Grove of Colliers International acted on behalf of The Muller Co.

Separately, The Muller Co. has sold a 23,607-sf facility that stands at 10804 Willow Court and a 17,667-sf building that is located at 10802 Willow Court to several different buyers for $125 per sf or a total of $5.2 million. Tenants here include New Century Mortgage and IVHS. Tom Moore of CB Properties represented the buyers, with Phillip Laugen and Donna Laugen purchasing the 10804 property. The pair, along with Damarus-Moore LP, Laugen and Sun Coast, and Wild Horse Ranch Ltd. Partnership, also acquired the 10802 building. The same Colliers International team that represented The Muller Co. in the $7.4-million transaction also acted on behalf of the seller in this deal.