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

Property Image
SOLD
$8,500,000
Bryan Johnson
Doug Mack
+ 1

California

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Office37,991 SF
Sold
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Property Image
SOLD

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

6405 Mira Mesa Blvd, San Diego, CA 92121, USA

See Similar Deals
Office37,991 SF
Sold
Bryan Johnson
Doug Mack
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$223
Total Square Footage:37991 SF
Transaction Type:Sale

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
49 deals$763.9M volume(949) 809-3762
BROKER

Doug Mack
CBRE
20 deals$251.1M volume
BROKER

Anthony DeLorenzo
CBRE
116 deals$2B volume
BROKER

Matt Pourcho
CBRE
48 deals$650.7M volume
BROKER

SELLER

Details

SOLD
IMAGE: Matt Pourcho, Anthony DeLorenzo & Bryan Johnson DATE: 05/11/2020 ADDRESS: 6405 Mira Mesa Blvd MARKET: Sorrento Mesa, San Diego ASSET TYPE: Office BUYER: BPS Bioscience SELLER: Ledcor Group BROKERS: Matt Pourcho, Anthony DeLorenzo, Doug Mack & Bryan Johnson – CBRE PRICE: $8,500,000 SF: 37,991 PPSF: $223

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$453,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04