$9.95M sale of San Diego-area office building completed

SAN DIEGO, Nov. 25, 2024 - JLL Capital Markets announced today that it has closed the $9.95 million sale of 16980 Via Tazon, a fully vacant office/flex building totaling 35,312 square feet in San Diego, California.

JLL represented the seller, Montana Avenue Capital Partners. A private investor purchased the property all cash, in an off-market transaction. The sale represents a successful completion of Montana's investment in a four-building portfolio acquired in 2021.

Situated just west of the 15 Freeway in Rancho Bernardo, 16980 Via Tazon is approximately 25 miles north of downtown San Diego. The property enjoys a strategic position within a well-established business hub, neighboring industry leaders like Apple, Sony, Northrup Grumman, Hewlett-Packard and BAE Systems.

Originally built in 1984, 16980 Via Tazon is a single-story office/flex property that can accommodate a variety of uses, including wet/dry lab, manufacturing and creative office space. The building features 14 to 16-foot clear heights and roll-up doors for grade-level loading.

JLL's Capital Markets Investment Sales and Advisory team was led by Managing Directors Bob Prendergast and Lynn LaChapelle and Senior Analyst Zac Saloff.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.