Cast Capital Partners Acquires Office Complex In San Diego From MIG For $11 Million

The property involved in this transaction is an office complex located at 5080-5090 Shoreham Place in San Diego. The asset occupies 2.7 acres and comprises a total of 50,236 square feet, with a sale price of $11,000,000, translating to $219 per square foot. This property was 96% occupied at the time of sale.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Square Footage: 50,236 SF
• Sale Price per Square Foot: $219
• Address: 5080-5090 Shoreham Place
• Market: San Diego
• Buyer: Cast Capital Partners
• Seller: MIG
• Buyer's Representative: Bret Morriss - Cast Capital Partners; Ryan King - Voit Real Estate Services
• Seller's Representatives: Anthony DeLorenzo, Matt Harris & Matt Pourcho - CBRE

CBRE facilitated the sale, representing the seller, MIG. The buyer, Cast Capital Partners, plans to convert the property into individual condo units. The transaction indicates a strategic pivot in use for the existing office space under new ownership.