SR Commercial of Solana Beach has acquired two local office and industrial properties, for a total of $8.5 million.
The investment firm purchased an unoccupied 89,120-square-foot industrial building in San Diego, formerly home to Eaton Electronics at 2727 Kurtz Street, for $5.2 million. It also acquired a 48,208-square-foot office property at 2790 Business Park Drive in Vista, for $3.3 million.
Company officials said the Vista property was originally developed as a build-to-suit for Cox Communications and used as a call center, but is currently unoccupied.
Brokerage companies CBRE and Cushman & Wakefield Inc. represented SR Commercial and the seller, 2727 Ltd., in the San Diego transaction. Cushman & Wakefield represented SR and the seller, Building Properties Inc., in the Vista deal.
The privately held SR Commercial, led by principals Adam Robinson and CJ Stos, plans extensive renovations at both locations.
— SDBJ Staff Report