San Diego Postal Property Lands Off-Market Buyer
The $9.6M San Diego USPS Deal JLL announced an off-market $9.6 million sale of a 32,764-square-foot San Diego property at 5045 Shoreham Place. The asset is leased to the United States Postal Service, marking a targeted acquisition by Postal Realty Holdings LLC amid persistent demand for stabilized, government-occupied commercial assets. The property is known as the USPS University City Annex building. Investor Focus The transaction reflected continued interest in leased government-credit real estate within the postal real estate niche. Postal Realty Holdings pursued a stabilized asset supported by USPS tenancy. In a market where investors increasingly compare income strategies, assets with predictable tenancy can stand out against senior secured loans and other credit-oriented alternatives. USPS occupancy typically strengthens postal valuation and income visibility. Market Signals The off-market structure suggested selective buyer outreach rather than broad competition. In a market f...