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7/21/21
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Gildred Development Company paid $19.5 mil, or $1,045/sf, for Rancho Santa Fe Professional Center, a five-building, 18.7k sf medical office/retail complex in Rancho Santa Fe, a census-designated place situated about 25 miles north of downtown San Diego.
Located at 6002-6 El Tordo, 5951 La Sendita and 17008 Avenida De Acacias, the property is comprised of four office/medical buildings and one retail structure, built in phases from 1975 to 1990. Two of the buildings have been 100% leased since the project was originally constructed and the other two buildings have averaged 99% occupancy.
Rancho Santa Fe Professional Center sits at the corner of the most prominent entrance to Downtown Rancho Santa Fe and includes a parking lot, partially subterranean, providing the largest parking ratio in Downtown Rancho Santa Fe.
CBRE’s Matt Pourcho, Anthony DeLorenzo, Gary Stache and Bryan Johnson represented the seller, Huntington Hotel Company, in the transaction. The buyer was repped by Joe Bernstein and Joe Anderson of JLL.
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