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Real Estate/Development

Sep. 21, 2016

World Trade Center building in Carmel Mountain Ranch nets $14.45 million

The listing brokers were Mike Erwin, Tucker Hohenstein, and Ted Cuthbert of Colliers International. There were no buyer's brokers on the transaction, according to The CoStar Group.

An 81,980-square-foot industrial building at 12340 World Trade Center Drive in Carmel Mountain Ranch has been sold for $14.45 million.

The buyer was CHR VII WPC I San Diego World Storage, an entity of Wentworth Property Co. of Phoenix. Wentworth Property took out a $13.38 million loan from Scottsdale Northsight Lender LLC, which is headquartered in Dallas.

The seller was the Carvin Corp. of San Diego.

There were no buyer's brokers on the transaction, according to The...

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