DISPOSITION & ACQUISITION
- Represented seller in disposition of 13,000 SF former warehouse building across the street from Petco Park. Sold for $4.35M
- Represented buyer and provided underwriting to acquire 100% vacant building for repositioning.
REPOSITION & LEASING
- Task: Lease 13,000 SF multi-level warehouse building to retail/office user.
- Challenge: The location on J St had zoning requirements, lack of parking, multi-level configuration, condominium structure, historic and street access restrictions for Petco Park home games.
- Result: Advised on build-out condition throughout renovation. 100% leased to Union Co-Merge within 5 months of acquisition, increasing value to $7-9M.