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
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