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3/19/25
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A 27.8k sf office building in San Diego was purchased by Sharp HealthCare in a $12.35 mil ($444/sf) transaction. Originally built in 1985, the property is currently 100% leased to the County of San Diego, which has been onsite since 2002. It was sold by was sold by Dollinger Properties.
The property is located at 8965 Balboa Ave, in the Kearny Mesa submarket. The area offers excellent access to both executive and affordable housing and is a preferred suburban location for many professional services and regional sales firms. The property is positioned between two of San Diego's north-south arteries, Interstate 15 and State Route 163, providing quick access to most of the county. Additionally, it is immediately adjacent to the Montgomery Gibbs Executive Airport, which serves as a hub for private and corporate aviation.
Bob Prendergast, Lynn LaChapelle and Zac Saloff. With JLL Capital Markets represented the seller in the deal. Cushman & Wakefield’s Mike Labelle and Bridget Gossett repped Sharp HealthCare.
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