Sorrento Biotech Center LLC Acquires Office Building In San Diego For $12M With Chris Duncan As Buyer's Rep

A 67,000-square-foot office building located at 6060 Cornerstone Court in San Diego has been sold for $12 million. The property serves as an office asset within the local market, with a price per square foot of $179.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000
• Sale Date: 01/03/2025
• Buyer: Sorrento Biotech Center LLC
• Buyer's Representative: Chris Duncan - Voit Real Estate Services
• Seller's Representative: Alex Hayden, Anthony DeLorenzo, Barbara Perrier, Camille Doan, Hunter Rowe, Matt Pourcho, Matthew Carlson & Michael Longo - CBRE

The buyer, Sorrento Biotech Center LLC, intends to repurpose the office space for life sciences use following the acquisition. CBRE played a key role in arranging this transaction while representing the undisclosed seller.