BPS Bioscience Acquires Office Building In Sorrento Mesa, San Diego For $8.5M
6405 Mira Mesa Blvd, San Diego, CA 92121, USA
$8,500,000
$223/SF
Building Size
37,991 SF
Asset Type
Office
Closing
May 10, 2020
AI
Located at 6405 Mira Mesa Blvd in Sorrento Mesa, San Diego, this office property was recently involved in a closed transaction. The property spans a total of 37,991 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $223. BPS Bioscience purchased the property from Ledcor Group. The transaction was facilitated by CBRE, with Matt Pourcho, Anthony DeLorenzo, Doug Mack, and Bryan Johnson representing the buyer and seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,500,000
- Square Footage: 37,991
- Price Per Square Foot: $223
- Address: 6405 Mira Mesa Blvd
- Market: Sorrento Mesa, San Diego
During the deal, the buyer, BPS Bioscience, was represented by Matt Pourcho, Anthony DeLorenzo, Doug Mack, and Bryan Johnson from CBRE. Ledcor Group acted as the seller. The involvement of these individuals and companies highlights the key players in the transaction.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93