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Del Mar Office Trades at $512 PSF

Investment Firm Purchases 16,000 SF in 1031 Exchange
July 26, 2018
Hinds Investments LP purchased the office building at 2002 Jimmy Durante Blvd. in Del Mar, CA from Westech Realty Co. for $8.24 million, or about $512 per square foot.

Built in 1985, the 16,065-square-foot property sits on a 1.2-acre parcel, in close proximity to downtown Del Mar and local San Diego County beaches. Some of the suites feature exterior patio space and there is stone and wood flooring throughout.

The asset was fully leased at the time of sale.

Brooks Campbell with Cushman & Wakefield represented the seller. Michael Mahoney, also of Cushman & Wakefield, represented the buyer.

For additional details on this transaction, please refer to CoStar COMPS #4396021.
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