JLL Capital Markets has successfully facilitated the sale of a lucrative R&D/Lab portfolio in Rancho Bernardo, San Diego for $30.8 million. The seller, Montana Avenue Capital Partners, LLC was represented by JLL while Dollinger Properties emerged as the buyer.
The portfolio comprises two fully leased buildings located at 16981 Via Tazon and 11501 Rancho Bernardo Blvd., with a total rentable area of approximately 90,000 square feet.
Leading the JLL Capital Markets team were Bob Prendergast and Lynn LaChapelle along with agency partners Tim Olson and Greg Moore.
According to Prendergast, “The Rancho Bernardo submarket continues to attract investors due to its promising potential.” He further added that this offering provided an opportunity for investors to secure a property with committed tenants who have invested significant capital into their lab and office space. These assets are strategically located near major highways within the greater I-15 Technology Corridor making it an ideal investment destination.
