SAN DIEGO – SR Commercial has acquired the Mark II Portfolio, an industrial and office portfolio in San Diego that contains a total of 228,061 square feet, for $35.1 million. The portfolio includes 9450, 9484, 9530, 9537, 9557, 9705, 9707, 9779 Candida Street; 9474, 9524 and 9545 Kearny Villa Road; 9550 Miramar Road; and 9606, 9636, and 9663 Tierra Grande Street.
The portfolio is 94 percent leased. About 65 percent of this space will become available over the next three years. All of the properties were built between 1982 and 1999.
The portfolio’s largest tenant is 24 Hour Fitness, which occupies the full 31,000-square-foot building at 9550 Miramar Road. Other tenants include White Labs, S&R Sports Inc., Secure Transportation and John Deere Landscapes.
Rick Reeder, Brad Tecca, Bryce Aberg and Brant Aberg of Cassidy Turley represented both the buyer and seller, TA Associates Realty, in this transaction. The Abergs will continue to provide leasing services to the new ownership.