Locally based Thomas M. Murray Trust has acquired a Kearny Mesa industrial building for $4.85 million, according to brokerage company Marcus & Millichap.
The seller of the 25,265-square-foot property, at 8112 Engineer Road, was Caret Industries Inc. of Camarillo, represented by Ben Tashakorian and Jessie Prentice of Marcus & Millichap. The buyer was secured and represented by Tashakorian and Marcus & Millichap’s Scott Hilmen.
Brokers said the industrial warehouse is fully leased to Platinum Event Rentals, a wedding and party event supply rental company based in San Diego. The seller completed more than $200,000 in general building improvements since 2014, including a newly renovated showroom.
The property was originally built in 1974, according to CoStar Group.