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Trust-Worthy Deal

30-Tenant Building Sells In Rancho Bernardo
By James Navarro
June 21, 2002 | 1:28 P.M.

Roger D. Anderson Trust purchased the 34,348-square-foot building at 16766 Bernardo Center Drive located in the Rancho Bernardo/Poway area of San Diego. This 25-year-old property was fully leased to 30 tenants at the time of sale. The office/medical building features a parking ratio of 4.95/1000. The buyer agreed to purchase the building for $5.8 million, approximately $168.86 per square foot at a 9.75% cap rate. John Drummond of Capital Growth Properties Inc. represented the buyer. John S. Erthein of Marcus & Millichap represented the seller, James D. & Hyun Ju Wilson Lepman Co-Trust.

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