San Diego, Calif. – Ryan King, Vice President, and Kipp Gstettenbauer, Senior Vice President, both in Voit Real Estate Services’ San Diego office, successfully directed the $2,755,000 sale of a 7,000 square-foot office building on behalf of the buyer, Noreas Scientific Property, LLC, an engineering and consulting company based out of Orange County. The company will utilize this property for their new expansion into San Diego, according to King. The seller was State Street Offices, LLC.
“The asset will serve to be a great long-term investment for the buyer due in part to its excellent location,” stated King. “Noreas will occupy the building as an owner user and additionally collect a solid income stream from the tenant on the 2nd floor.”
The property is located at 2534 State Street in San Diego.
About Voit Real Estate Services
Voit Real Estate Services is a privately held, broker-owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients’ needs. Throughout its 40+ year history, the firm has developed, managed and acquired more than 64 million square feet and completed more than $44.8 billion in brokerage transactions encompassing more than 43,000 brokerage deals. Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios.