CBRE Facilitates $6.83 Million Sale of Office Building in San Diego

CBRE arranged the $6.83 million sale of 330 A Street, a single-story office building in downtown San Diego, to the San Diego County Bar Association.

Jeff Oesterblad and Marc Frederick of CBRE's San Diego office represented the seller, 330 A Street LLC, in the transaction. Tom Nicholas and Jack Blumenfeld of Colliers represented the buyer.

“330 A Street is the most improved single-tenant office building in the downtown San Diego area,” said CBRE's Mr. Frederick. “It provides the buyer with a new first-class, highly visible headquarters in the heart of the city.”

The single-tenant building is 9,000 sq. ft. that was initially constructed in 1962 and completely renovated in 2011 into its current creative office design, adding a rooftop terrace. The building is situated on a 10,000-sq.-ft. parcel on the northwest corner of 4th Avenue and A Street.

The property is located in the downtown financial district, minutes from Interstate 5 and State Route 163. Centrally located, the building is within walking distance from the Gaslamp Quarter and the East Villages and their restaurants and shopping.

CBRE's third-quarter research notes that office investment in San Diego has already outpaced 2021's total. New construction continues to flourish downtown, with 270,000 sq. ft. under construction, as companies still are determining how much space is needed for a more hybrid workforce.