The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 19, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Sorrento Mesa R&D/Flex Buy Financed with $22 Mil Loan


A Newport Beach-based private investor acquired a 103.8k sf R&D/Flex corporate campus property in San Diegoís Sorrento Mesa submarket. The property was purchased with $21.9 mil in permanent financing provided by MetroGroup Realty Finance.

The property, located at 10307 and 10309 Pacific Center Ct, was sold by Colony Northstar Inc, a publicly-traded global real estate investment company. It is fully leased to Quantum Design International, a global manufacturer and distributor of instrumentation used in the materials science, physics, chemistry, biotechnology and nanotechnology industries. The tenant, which has locations in 20 countries, uses the location for its world headquarters.

MetroGroupís Patrick Ward originated the seven-year loan, which has a 30-year amortization, a fixed rate of 4.2% and a loan-to-purchase-price of 69%. Michael Hartel of Colliers International represented the buyer, and worked directly with the seller in the transaction.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media