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10151 Pacific Mesa Boulevard

Colliers International Represents Sorrento Seven LLC In $45M Sale Of SorrentoView Business Park In San Diego
SOLDIndustrial

Colliers International Represents Sorrento Seven LLC In $45M Sale Of SorrentoView Business Park In San Diego

10151 Pacific Mesa Boulevard, 10211 Pacific Mesa Boulevard, 5940 Pacific Mesa Court, 5945 Pacific Center Boulevard & 5965 Pacific Center Boulevard

$45,000,000

$64/SF

Building Size

696,700 SF

Asset Type

Industrial

Closing

Jan 31, 2024

AI

The SorrentoView Business Park, a multi-tenant Class-A business park located in Sorrento Mesa, San Diego, has been sold for a price of $45,000,000. The park consists of seven buildings and spans approximately 139,340 square feet, resulting in a price per square foot of $323. The property is situated at 5945-5965 Pacific Center Boulevard, 10151-10211 Pacific Mesa Boulevard, and 5940 Pacific Mesa Court.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $45,000,000
  • Square Footage: 139,340
  • Price Per Square Foot: $323
  • Address: 5945-5965 Pacific Center Boulevard, 10151-10211 Pacific Mesa Boulevard & 5940 Pacific Mesa Court
  • Market: San Diego

Evan McDonald, an Executive Vice President at Colliers International, represented the seller, Sorrento Seven LLC, in this transaction. The buyer was self-represented. This sale was announced by Colliers, highlighting the successful completion of the deal.

Players

Evan McDonald

Colliers

Broker

$174.6M

vol

14 deals

Broker

San Diego Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93