A fully leased 25,475-square-foot office building located at 17075 Camino San Bernardo in San Diego's Rancho Bernardo’s Tech Park has been sold for $8 million. The transaction was facilitated by CBRE's Anthony DeLorenzo, Christian Williams, Matt Harris, and Matt Pourcho, who represented the seller. The buyer, Dominguez Channel LLC, was represented by George Rehab.

Summary of transaction details

• Property Type: Office
• Sale Price: $8,000,000
• Square Footage: 25,475
• Price per Square Foot: $314
• Market: San Diego

This sale was completed as a 1031 exchange and reflected strong demand from private buyers seeking to utilize this tax deferral strategy. Despite being sight unseen, the office building at 17075 Camino San Bernardo commanded a 5.8% capitalization rate, highlighting the resilience of the office market. CBRE's Matt Pourcho noted that this transaction underscores the attractiveness of San Diego's office sector to overseas investors.