CBRE Brokers $6.6M Sale of Single-Tenant Office Building in Oceanside, California
OCEANSIDE, CALIF. — CBRE has arranged the sale of an office building located at 2160 S. El Camino Real in Oceanside. An Orange County, Calif.-based 1031 private buyer acquired the asset for $6.6 million, or $493 per square foot.
The U.S. Federal Government occupies the 13,500-square-foot, single-tenant property on a 15-year lease that commenced in 2018. The building was a build-to-suit in 2004 for the Social Security Administration and was fully remodeled and upgraded in 2018 to current U.S. General Services Administration standards. The upgrades included a new roof and HVAC system.
Matt Pourcho, Gary Stache, Anthony DeLorenzo, Bryan Johnson and Matt Harris of CBRE represented the seller, a private investor, in the transaction.