Real Estate

Del Mar Heights' DMcp Office project sold for $43 million

Del Mar Heights' DMcp Office project sold for $43 million

DMcp, a 74,402 square feet, newly-renovated office project in Del Mar Heights, was recently sold to Denver-based EverWest Real Estate Partners, LLC for $43 million.

The seller was an affiliate of Southern California-based Cruzan, which had recently completed $4.4 million in capital improvements to the property prior to the sale. Rick Reeder and Brad Tecca of Cushman & Wakefield’s Capital Markets in San Diego represented the seller in the disposition.

“DMcp presented a rare, once in a cycle opportunity for an investor to acquire a best-in-class and fully renovated multi-tenant office project set in one of the most prominent and desirable coastal business and residential...

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