Colyear Development Corp. of El Monte has purchased an eastern San Diego warehouse building, occupied by a FedEx Corp. distribution center, for $14.1 million, according to CoStar Group and public data.
The seller of the 76,822-square-foot building, located at 1650 47th St., was Levine Family Trust of San Diego, represented by broker NNNet Advisors. The warehouse was built on approximately 6.4 acres in 1988.
FedEx is the sole tenant, with a lease running through 2023, according to CoStar.
— SDBJ Staff Report