Alexandria Real Estate Equities Acquires Sorrento Mesa Office For $17M

The office property located at 9877 Waples St in Sorrento Mesa, San Diego, has been sold. The transaction took place on June 16, 2020, at a price of $17,000,000. The property spans an area of 62,392 square feet, with a price per square foot of $272.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $17,000,000
• Square Footage: 62,392
• Price per Square Foot: $272
• Address: 9877 Waples St, Sorrento Mesa, San Diego

The buyer of the property is Alexandria Real Estate Equities, while the seller is LPC West Inc (Lincoln Property Company). The deal was facilitated by Andy Huggett, Bill Dolan, and Sean Williams from CBRE.