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San Ysidro Health Acquires Industrial Property

New Offices Planned Following $8.2M Acquisition
November 13, 2017
San Ysidro Health Center, Inc., a non-profit health care services organization, has acquired the industrial property at 1601 Precision Park Ln. in San Diego, CA from San Diego HD LLC for $8.15 million, or about $133 per square foot.

Terra Enterprises, Inc. acquired the asset back in 2007 from CT Realty Investors for $9.68 million ($157 pSF), according to CoStar data.
See CoStar COMPS #1343968.

The 4.7-acre site is currently improved with a 61,502-square-foot manufacturing building that was originally built in 1980 in the San Ysidro / Imperial Beach Industrial submarket of San Diego County.

"This property will be renovated for new administrative offices and headquarters for San Ysidro Health," said Mark Lewkowitz, first vice president at Colliers International San Diego Region, "It's ideally located in the San Ysidro area with 905 Freeway exposure, and will support the organization’s vast and integrated network of 34 program sites across San Diego."

Chris Holder and Mark Lewkowitz of Colliers International represented the buyer.

Please see CoStar COMPS #4047278 for additional information on this transaction.



Lou Hirsh, San Diego Market Reporter  CoStar Group   
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