Commercial real estate
4851 Paramount Drive. Photo credit: Courtesy, Commercial Asset Advisors

A commercial building designed as a corporate headquarters has sold for $8.98 million, a real estate brokerage announced.

Sale of the two-story, 24,614-square-foot building, in Kearny Mesa, was coordinated by Mike Conger and Brian Jenkins of Commercial Asset Advisors.

They did not disclose the seller and buyer of the Paramount Drive property.

“Kearny Mesa is one of the most prominent business hubs in San Diego, with dynamic growth continuing to accelerate,” Conger said. “Through this sale we were able to help our seller capitalize on record-high demand for flex-industrial buildings in San Diego.”

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that has completed more than 1,400 sale and lease transactions.