26,784-SQUARE-FOOT OFFICE BUILDING SELLS FOR $6.6 MILLION

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SAN DIEGO — California-based NetReit has acquired a 26,784-square-foot office building in the Morena area of San Diego for $6.6 million. The four-story building, which is located at 1202 Morena Blvd., was built in 1985. The property is fully occupied by Lloyd Pest Control, Community Research Foundation, Mental Health Systems and Peakcare. Matty Sundberg and Mark Avilla of Grubb & Ellis represented the buyer; Kevin Farrell, Jay Arnett, Derek Applbaum and Deborah Hunkeler of Cushman & Wakefield represented the seller, Morena Office Center LLC, in the transaction.

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