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Lincoln Property Company, Brasa Capital Acquire 3.56-Acre Industrial Property in San Diego for $13.8MM

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Miramar Industrial Property

San Diego, CA., December 9, 2021 – Colliers recently announced the sale of a 3.56 Acre industrial parcel in Central San Diego’s Industrial district of Miramar. Representing the buyers, Lincoln Property Company (LPC) West, Inc., & Brasa Capital Management, Colliers’ Senior Vice President Evan McDonald, and Senior Executive Vice Presidents Tucker Hohenstein and Mike Erwin negotiated a $13,800,000 transaction.

Totaling 17,931 square feet of buildings situated on 3.56 acres, the Miramar Road site is one of the few low coverage properties in the area. It boasts visibility from ±60,000 daily commuters through the high-traffic Miramar Road area. The site holds light industrial zoning permits, offering the buyers ample build-to-suit opportunities. The parcel’s solid historical tenant base provides the buyer with predictable income over the next few years, making the execution of this deal a strategic long-term investment.

“Special thanks to the Colliers industrial team for their instrumental efforts in executing and securing such a highly sought after asset in one of the top industrial markets in San Diego” said Ben Bucci, Senior Vice President, LPC West. 

Brasa Capital Management is a real estate investment manager based in Los Angeles. Brasa targets middle-market commercial real estate investments in the Western US and Texas. The firm invests across the capital stack in diversified asset types. Brasa manages both commingled funds and separate accounts on behalf of institutional and high-net-worth investors.


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Evan McDonald

Senior Vice President

San Diego

Evan McDonald is a Senior 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.

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Tucker Hohenstein

Senior Executive Vice President

Carlsbad

Tucker Hohenstein is a Senior Executive Vice President with Colliers International in the San Diego region. He is  an industry expert with respect to industrial and R&D/flex markets within the North County area and  is a member of the Society of Industrial and Office Realtors (SIOR), the leading global professional industrial real estate association. He strives to deliver Service Excellence to his client base of Landlords, Tenants, Developers, and Lenders. With over 28 years of experience and a highly successful track record, his strategic vision and market knowledge provide solutions to the challenging commercial real estate market. Tucker is committed to accelerating the success of each and every client. 

Tucker is involved in private client and institutional relationships.  He controls a large market share and is intent on developing new business opportunities.  Tucker’s determination to succeed drives him to produce creative solutions for his clients.  By combining his market expertise with the Colliers International platform, he is able to deliver superior performance.   

Tucker has held senior sales positions with Cushman & Wakefield, Burnham Real Estate Company and Grubb & Ellis. He has achieved numerous sales and service awards recognizing his contributions. Tucker’s commitment to his clients has been evident throughout his career, resulting in a high degree of client satisfaction and repeat business.

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Mike Erwin

Senior Executive Vice President

Carlsbad

Mike Erwin is a commercial real estate expert specializing in San Diego County Industrial/R&D properties and investments, representing buyers, sellers, landlords, tenants, developers, and investors.  Mike is a member of the Society of Industrial and Office Realtors (SIOR), the leading global professional industrial real estate association. Mike's career started as a bank regulator where he evaluated the safety and soundness of national banks and audited banks' commercial loan and OREO portfolios from 1992 to 1998. He began commercial real estate sales and leasing in 1998.

Mike now provides clients with a wide range of services, including development, consultation, financial analysis, lease analysis, market analysis, sale and lease negotiations, and value assessment of commercial properties. Focused on exceeding client expectations, Mike fosters productive strategic relationships and grows sales with new marketing strategies and techniques.  Mike's undergraduate and graduate degrees from San Diego State University have been valuable in both his career aspirations and in fostering connections within the San Diego region.

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