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Real Estate/Development

Aug. 23, 2016

La Jolla Professional Building sold for $3.9 million

The property was marketed by Marcus & Millichap's office and industrial advisory group. Its tenants include La Jolla Cove Realty, Medbook, Southbridge Capital, and Comprehensive Medical.

The 12,219-square-foot La Jolla Professional Building at 1150 Silverado Street sold for $3.9 million.

The buyer, 1150 Silverado LLC, is a unit of CIRE Management of downtown San Diego.

The seller was Archipelago Strategic Management Inc.

The property was marketed by Marcus & Millichap's office and industrial advisory group.

The building, built in 1971, is 100 percent leased, according to The CoStar Group.

Tenants in the La Jolla Professional Buildin...

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