Prime US REIT Acquires Office Property In San Diego For $245.5M

Barbara Cambon's image showcases a notable office property recently sold in San Diego. The sale, which took place on 06/24/2021, involved the properties located at 5355 & 5375 Mira Sorrento Place. This office asset spans an impressive 487,000 square feet and was acquired by Prime US REIT. The sale price for this transaction amounted to $245,500,000, resulting in a price per square foot of $503.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $245,500,000
• Address: 5355 & 5375 Mira Sorrento Place
• Market: San Diego
• Buyer: Prime US REIT
• Square Footage: 487,000
• Price per Square Foot: $503

This successful deal involved Prime US REIT as the buyer. With an extensive office space of 487,000 square feet, this transaction showcases Prime US REIT's commitment to expanding its portfolio in the San Diego market. The acquisition of the office properties at 5355 & 5375 Mira Sorrento Place marks a significant addition to their holdings.