LBA Properties Acquires Sony Electronics 461000 Square Foot Office In San Diego
16535 Via Esprillo
Building Size
461,000 SF
Asset Type
Office
Closing
Nov 20, 2025
AI
The asset involved in the transaction is an office property located at 16535 Via Esprillo in San Diego, comprising 461,000 square feet. It was part of a sale-leaseback agreement, enabling the seller to remain as a tenant while unlocking capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 16535 Via Esprillo
- Market: San Diego
- Buyer: LBA Properties
- Seller: Sony Electronics
- Brokers: Darren Morgan, Hunter Rowe, Matthew Carlson & Erik Bridy - CBRE
- Mortgage Brokers: Michael Kolcum, Scott Peterson & Dave Milestone - CBRE
LBA Properties acquired the 461,000-square-foot Rancho Bernardo headquarters from Sony Electronics, facilitated by CBRE, which also arranged the financing. The buyer was attracted to the asset due to its scale, quality, and strong submarket fundamentals.
Players
San Diego Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93