Grubb & Ellis/BRE Commercial represented Hibiscus Investments in the purchase of the 76,822-square-foot Federal Express Building in San Diego, Calif.
The value of the transaction was approximately $9.5 million.
The project, located at 1650 47th St., sits on 6.5 acres and is the office of Federal Express.
The seller of the property was FEB San Diego.
San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage.
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