A two-story, multi-tenant office building at 7596 Eads
Ave. in La Jolla was sold for $3.9 million.
by Schweizer, Andrew
A two-story, multi-tenant office building at 7596 Eads Ave. in La
Jolla was sold for $3.9 million. The last multi-tenant office building
to be sold in the village of La Jolla prior to Eads Office Plaza was
located at 7848 Ivanhoe Ave., which sold in May 2007 for $3.3 million.
Eads Office Plaza is 9,504 square feet and sold for approximately
$415 per square foot for the building. Located at the northwest corner
of Eads Avenue and Silver Street, Eads Office Plaza consists of 10,000
square feet of fee land on two legal parcels and featured below-market
rents with short-term leases. The property includes 14 on-site parking
spaces and brick and stucco exterior with lush landscaping. The seller
was represented by Mike Slattery of Grubb & Ellis. The buyer, Primos
Investment Corp., represented itself.
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