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
73,000 SF Rentable Area on 4.30 Acres
66,416 SF Rentable Area – Part of 20 Property Trust Portfolio
Integra – San Diego has completed an appraisal of a 68,000 SF neighborhood retail center in El Cajon. The property is located on 5.76 acres, and includes 3 buildings, one of which is a Big Box retailer. This property was 96% leased as of the effective appraisal date. The client wanted to estimate the property’s value assuming a hypothetical subdividing/remapping of the existing site, creating two newly created land pads. The appraisal was completed for a financial services firm on behalf of a national financial institution.
Integra 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.
Based on our research, market conditions are expected to improve across all property types in San Diego. The following charts detail current rental and vacancy rates for office, retail and industrial property types in San Diego in comparison with the rest of the region and the United States. Following these current snapshots is a 12-month forecast of the change in market rent, the amount of square feet absorbed, the amount of construction completed, and the estimated allowance for tenant improvements.
IRR San Diego has completed a commercial appraisal of a strip retail center property located in El Cajon in San Diego County. The building is approximately 8,300 square feet and is located on a 0.62 acre site. As of the effective appraisal date, the property is 100% leased to seven tenants with suite sizes ranging from 425 to 3,442 square feet. The purpose of this commercial valuation was for loan underwriting purposes for a lender.
If you are in need of a retail property appraisal, please contact us today at 858-259-4900 or via email at firstname.lastname@example.org.
Integra San Diego has completed a commercial appraisal of an office/retail property located in Cardiff by the Sea (Encinitas) in San Diego County. This mixed-use, two-story building contains approximately 7,000 square feet of rentable area, was built in 1917, and has been renovated in the last 10 years. As of the effective appraisal date, the building is 100% leased to 14 tenants with suite sizes ranging from 125 square feet to 4,100 square feet. The building is located on a 0.19 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a lender.
If you have any questions or needs for a commercial real estate appraisal in Cardiff, please contact us today at 858-259-4900 or at email@example.com.
Integra Realty Resources – San Diego has completed a commercial appraisal of a retail property located in Escondido in San Diego County. The building is approximately 1,200 square feet in size, was constructed in 1972, and is improved for restaurant use. It is located on a 0.34 acre site. As of the effective appraisal date, the property is 100% leased to a single-tenant. The purpose of this commercial valuation was for loan underwriting purposes for a lender.
If you have any questions or needs for a retail or restaurant appraisal in Escondido, please contact us today at 858-259-4900 or via email at firstname.lastname@example.org.