Integra – San Diego Appraises Real Estate Trust Portfolio Valued at Over $100,000,000

Integra Realty Resources – San Diego has just completed the appraisal of 20 properties for estate tax purposes with a combined real estate value of over $100,000,000.  The properties, located in and around San Diego county consisted of 6 multi-tenant retail properties, 4 industrial properties and 1 industrial business park, 2 multi-tenant office properties, 1 medical office, 3 multi-family properties, and 2 hotel properties, with a combined square footage of over 500,000 SF.

 

Office Property - 6,500+ SF Rentable Area

Office Property – 6,500+ SF Rentable Area

73,000 SF Rentable Area on 4.30 Acres

73,000 SF Rentable Area on 4.30 Acres

 

66,416 SF Rentable Area - Part of 20 Property Trust Portfolio

66,416 SF Rentable Area – Part of 20 Property Trust Portfolio

 

2015 Mid-Year Viewpoint

Hotel-Appraisal-858-259-4900Integra Realty Resources – San Diego, along with its 60+ offices nationwide, has again published mid-year updates to our annual Viewpoint publication – with both a National Overview and over 300 Local Market reports.

The San Diego commercial real estate market, as well as markets across the country, continues exhibiting improving market conditions for all major property types, including office, multifamily, retail, industrial, and lodging.

For a complete look at the data presented in IRR Mid-Year Viewpoint 2015, please click on the links below.

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Apartment Property Appraisal in San Diego

san-diego-apartment-appraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in North Park community of San Diego. The property is an existing apartment building containing 10 dwelling units. Built in 1967 and totaling 7,050 square feet of rentable area, the property is 100% leased as of the effective appraisal date. The building is located on a 0.16 acre site. As with many older projects in San Diego, the property is determined to be legally nonconforming with respect to current zoning regulations, including street frontage, density, floor area ratio, and parking. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any questions or needs regarding an apartment appraisal, please contact us today at 858-259-4900 or sandiego@irr.com.

 

Apartment Property Appraisal in San Diego

San-Diego-Apartment-AppraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in the neighborhood of Talmadge in San Diego. The building, constructed in 1985, consists of 7 dwelling units (a mix of one-bedroom and two-bedroom units) and has 5,680 square feet of rentable area. Project features include 4 one-car garages and a laundry facility with one washing machine and one dryer. The units are 100% leased as of the effective appraisal date.  The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any apartment property appraisal questions or needs, please contact us today at 858-259-4900 or sandiego@irr.com.

Real Estate Appraisal for Gifting Purposes

Appraisal-for-giftingIRR San Diego has completed a commercial appraisal of an apartment property located in the city of Del Mar. The property consists of six separate buildings containing 44 dwelling units. The 39,000 square foot project was built in 1977 and is 98% leased as of the effective appraisal date. Project amenities include a pool and spa as well as a laundry facility. The buildings are located on a 2.37 acre site.

The purpose of this commercial valuation was for gifting purposes. This type of intended use is different from traditional lending purposes as it involves different intended users (such as the Internal Revenue Service) and a different definition of market value.

If you have any needs for a real estate appraisal for gifting purposes, please contact us today at 858-259-4900 or sandiego@irr.com.

Apartment Property Appraisal in Imperial Beach

Imperial-Beach-Real-Estate-AppraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in Imperial Beach in San Diego County. The property consists of two duplexes and a single family residence totaling about 3,700 square feet of rentable area. The improvements were constructed in 1965 and are 100% leased as of the effective appraisal date. The buildings are situated on a 0.34 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a local credit union.

If you have any questions about or needs for an apartment property appraisal in Imperial Beach, please contact us today at 858-259-4900 or sandiego@irr.com.

 

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