RJ Waples Investors LLC this week announced the sale of the SMS Technologies Facility in San Diego, Calif., for a price of $10.8 million.
Meridian Value Partners LLC purchased the property at 9877 Waples St., which is situated on 3.6 acres. The single-tenant, 61,650-square-foot, flex/R&D facility is home to SMS Technologies Inc., which provides electronic manufacturing services to military, telecommunications, medical and automotive companies.
The facility was originally a build-to-suit for SMS Technologies, which has occupied the building since its completion in 1989 and holds the lease until year-end.
