02 May $594 Million in Venture Capital Hits San Diego – All in the First Quarter
Credit GlobeSt.Com, Kelsi Maree Borland’s article on April 30th (see link here)
$594,000,000 is a lot of dough, that’s half a billion, just in the first quarter of 2018 with $400M of it going to life science companies in San Diego. In addition, La Jolla’ Synthorx raised $63M as April 30th, 2018 (see Synthorx.com). This should be a welcomed vote of confidence for San Diego Office Investors, San Diego Industrial Investors along with investors in the Residential and San Diego Multifamily Real Estate Investors as more funding will generally lead to more jobs, thus more people and more demand for housing.
I don’t specialize in office or industrial though can link you up with a specialist, especially for larger deals. On LoopNet right now there are 100+ office/industrial properties for sale in San Diego County which means there should be at least one that would be a decent deal in today’s market climate.
As far as apartment buildings go, I do specialize in San Diego Multifamily Real Estate Investments and more than willing to help you buy or trade into an asset close to the Biotech / Genomics hubs – we can start with areas off Palomar Airport road in Carlsbad, CA or around the Scripps Research Institute/University of San Diego as well as Pacific Beach.
Here are couple of properties for sale, on the market with outside agents
- Carlsbad
- 1400 Flame Tree Ln – 24 Units on a 12 acre lot for $15,320,000 – this property is being marketed as a redevelopment play
- 3861 Garfield St – 4 Units for $3M, 3,000 rentable square feet
- Scripps / La Jolla
- 7301 Draper – a high-end, not a bread a butter type property, asking $4.550M; large structure at approx 8,000 sqft, great walkability at 85 WalkScore.
- Pacific Beach
- 4286 Morrell – decent deal with a little bit of upside for a bit-size 6 unit property, grosses about $6k/mo, all studios, no parking, asking $1.435.5M
Give me a call or email 310-900-9505 or eric@sdmultifamily.com regarding San Diego Multifamily Real Estate Investments.
thank you,
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