Two Commercial Portfolios Fetch $51M

SAN DIEGO—SR Commercial has acquired two commercial assets encompassing nearly 300,000 square feet and totaling over $51 million of total capitalization in San Diego County. The company’s recent acquisitions include a 235,472 square-foot portfolio of office, industrial and retail product in Miramar, CA, and a 62,814 square-foot industrial/flex project in San Diego, according to Adam Robinson, a principal at SR Commercial.

“Competition continues to climb for high-quality investment product in San Diego County,” explains Robinson, who founded SR Commercial along with partner CJ Stos. “Limited opportunities combined with strong tenant demand is beginning to drive rental rates upward in both office and industrial markets.  The result is that investment properties on the market today are poised to deliver deep value to those investors who are able to secure product.”