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Miramar industrial buildings sell for $11 million

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Two multi-tenant industrial buildings in Miramar

Two multi-tenant industrial buildings in Miramar were sold for $11.3 million by Providence II Camino Santa Fe LLC to a joint venture between Hill Properties and a fund managed by Westport Capital Partners, according to an announcement by Colliers International Dec. 15.

The seller was represented in the transaction by Evan McDonald.

Totaling 61,00 square feet, the two buildings are located at 8250-8260 Camino Santa Fe and are near Miramar Memorial Golf Course and Interstate 805.

"As the San Diego industrial market continues to remain strong, we were able to secure an off-market transaction in record time, despite Central San Diego's high barriers to entry," said McDonald in a statement. "Favorably located in the Western Miramar industrial submarket, new ownership will immediately execute their value-add approach."

By Kamila Knaudt
kamila_knaudt@dailyjournal.com


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Evan McDonald

Executive Vice President

San Diego

Evan McDonald is an Executive Vice President with Colliers International in the San Diego Region. Evan specializes in the sale and leasing of Industrial/R&D properties with an emphasis in the Central San Diego submarkets. He provides industrial facility solutions on a local, regional, national, and global level for private and institutional clients.

Evan has superior market knowledge and experience in all aspects of the commercial real estate cycle. He has provided his clients with the highest level of service excellence, successfully helping them achieve their individual business and financial goals. He has proven that persistence and hard work are the foundation for trust and long-term relationships, which has built him a reputation as a top tier commercial broker in his area of expertise. Evan has consistently been one of the Top Producers in the San Diego region year after year. Evan  has also been awarded within the Colliers’ Everest Club, which recognizes the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.

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