A buyer recorded as Alpine Regional Center LLC has purchased a multi-tenant medical and office building in Alpine for $6 million, according to brokerage company CBRE Group Inc., which represented the buyer and seller.
The seller of the 46,100-square-foot Alpine Regional Center, at 1620 Alpine Blvd., was PV Alpine LLC, an affiliate of PacVentures Inc., represented by CBRE’s Phil Linton and Brian Jinings of Venture Commercial Properties.
The buyer was represented by Linton and brokerage firm DTZ’s Duncan Dodd.
Current tenants in the building include Mountain Health and Community Services, Southern Indian Health Council, Viejas Tribal Government and Alpine Fitness. The property was built on 3.42 acres in 2005 and is located near Interstate 8.
Brokers said the seller made significant improvements after purchasing the property from Wells Fargo Bank in 2013, and the buyer plans additional upgrades.