Sharp HealthCare Acquires Office Building In San Diego For $27.5M

Sharp HealthCare has acquired an office property located at 8975 Balboa Ave in San Diego. The property, spanning 95,000 square feet, was sold by Jack Henry & Associates, Inc. The transaction was facilitated by Michael Labelle from Savills USA, representing the buyer, and Brandon Keith and Randy LaChance from Voit Real Estate, representing the seller. The sale price for the office asset was $27,500,000, resulting in a price per square foot of $289.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $27,500,000
• Address: 8975 Balboa Ave
• Market: San Diego
• Buyer: Sharp HealthCare
• Seller: Jack Henry & Associates, Inc.
• Buyer's Rep: Michael Labelle - Savills USA
• Seller's Rep: Brandon Keith & Randy LaChance - Voit Real Estate
• Square Footage: 95,000
• Price per Square Foot: $289

Michael Labelle from Savills USA represented Sharp HealthCare as the buyer in this transaction, while Brandon Keith and Randy LaChance from Voit Real Estate represented Jack Henry & Associates, Inc. as the seller. The deal marked the successful sale of this office property in San Diego, signaling a significant transaction in the real estate market.