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Sorrento Mesa Life Science Property Sales Total $17 Mil

6/09/20

Weíve learned of four recent transactions totaling about $17 mil in San Diego to share with you. The properties are all located in the thriving life science submarket of Sorrento Mesa and all closed within a three-week period. Chris Duncan with Voit Real Estate Servicesí San Diego office was involved in brokering all of the transactions.

In the largest transaction, BPS Bioscience, a national bioscience company, paid $$8.5 mil for 38k sf office building at located at 6405 Mira Mesa Blvd. A MTS bus station is located in front of the building with quick access to the Sorrento Valley Coaster Station. BPS Bioscience plans to convert the two-story multi-tenant office space into a lab space, according to Duncan.

Voitís Duncan represented the buyer in the deal. Matt Pourcho and Scott Kincaid with CBRE represented the seller, Courtyard II Holdings LLC.

In another deal, Eton Bioscience acquired a 21.3k sf building for $5.3 mil as part of a 1031 exchange. The two-story, free-standing office/flex/R&D building is located at 10179 Huennekens St.

The property is located directly off Mira Mesa Blvd on a prominent corner and features a flexible layout. The building offers multiple private offices and an open area conducive to a functional lab floorplan, one grade level loading door, and ample parking, among other features. It is also located in close proximity to UCSD and other top San Diego universities.

Voitís Duncan repped the buyer in this purchase, while Brant Aberg and Ryan Downing at Cushman & Wakefield represented the seller, Pangea Properties LLC.

5820 Oberlin Dr, Sorrento Mesa
5820 Oberlin Dr, Sorrento Mesa
Duncan also represented Eton Bioscience in the sale of two properties for $3.55 mil, also in Sorrento Mesa. The office/flex properties total 12.6k sf of space and are located at 5820 Oberlin Dr, unit 104, and 5820 Oberlin Dr unit 106-108. The unit 104 property was acquired by to AxisPharm, a biotech company, while the unit 106-108 property was purchased by American Testing Labs, a life science company.

The buyers were repped by Voitís Todd Holley.





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