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6405 Mira Mesa Blvd, San Di...

BPS Bioscience Acquires Office Building In Sorrento Mesa, San Diego For $8.5M
SOLDOffice

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

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker
LG
Ledcor GroupSeller

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